The interest rate is locked in at the time your money is deposited
and will not vary during the term of the certificate. That way your earnings are
guaranteed. And unlike stocks, bonds and mutual funds; the value of your CD doesn't
fluctuate so your principal remains intact.
In general, larger deposits and longer deposit periods
result in higher interest rates. If you have more than $100,000 to invest, be sure
to ask about our Jumbo CDs.
However, with Certificates of Deposit, if you need to
withdraw the principal from your account before the term of the certificate is completed,
you will pay a substantial interest penalty.