CD comparison

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Certificates of Deposit

  30 days up to and including 90 days Greater than 90 days but less than 1 year 1 year to less than 24 months 24 months to less than 48 months 48 months and longer Flex 7- 11 Months Freedom CD 15 Months Bump Up CD 48 Months CDARS® (Certificate of Deposit Account Registry)
Who Can Open This CD Personal or Business Personal or Business Personal or Business Personal or Business Personal or Business Personal or Business Personal or Business Personal or Business Personal or Business
Minimum Deposit $1,000 $1,000 $1,000 $1,000 $1,000 $5,000 $25,000 $10,000 The right CD for you if you want a single statement yet have large deposits needing FDIC coverage through multiple banks. See your local branch for details on CDARs rates and terms
Interest Compounding Options Interest credited or check at maturity Interest credited or check at maturity Interest credited or compounded quarterly, semi-annually or annually; interest check monthly, quarterly, semi-annually, or annually Interest credited or compounded quarterly, semi-annually or annually; interest check monthly, quarterly, semi-annually, or annually Interest credited or compounded quarterly, semi-annually or annually; interest check monthly, quarterly, semi-annually, or annually Interest credited or compounded monthly or paid by check at maturity Interest credited, compounded, or interest check monthly, quarterly, semi-annually or annually Interest credited, compounded, or interest check monthly, quarterly, semi-annually or annually
Ability to make additional deposits Not available Not available Not available Not available Not available Can make additional minimum deposits of $500 up to 30 days prior to maturity Can make additional minimum deposits of $1,000 up to 30 days prior to maturity Not available
Additional Benefit             Can make one penalty free withdrawal during term (balance cannot fall below $10,000) One time during the term of the CD, you can request that the interest rate be "bumped up" to whatever the current stated rate for that product is
Early Withdrawal Penalty 30 day interest penalty Three (3) month's interest penalty Six (6) month's interest penalty Nine (9) month's interest penalty 12 month's interest penalty One month's interest penalty Three month's interest penalty (if non-qualifying for the penalty free withdrawal) Six month's interest penalty
Personal Savings Comparison