An Exchange Bank Certificate of Deposit is a great way to invest your savings in a low-risk, competitive interest rate product. Exchange Bank has a wide variety of CD Terms that can help you structure your investment in the most sensible way for you. Lock in your rate today for a safe and competitive return on your investment.
A Certificate of Deposit is similar to a savings account in that they are FDIC insured. They are different from savings accounts in that the CD has a specific, fixed term (often three months, six months or one to six years), and, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn with the accrued interest.
1Additional account related fees or service charges may be assessed based on how you use the account, ask for more details.
2Federal transaction limitations will apply, ask for more details.
3A penalty may be imposed for early withdrawal of the Certificate of Deposits. Interested is compounded quarterly on terms of 12 months or longer. Fees may reduce the earnings on the account.