Certificates of Deposit
Financial Solutions That Work for You
Our Certificates of Deposit offer a safe and convenient way to save with a variety of terms and rates. Certificates of Deposit are accounts that allow you to save money at a fixed interest rate for a fixed amount of time. At Arthur State Bank, we offer an interest rate that’s usually higher than those offered by a traditional savings account.
The biggest advantages of CDs are safety and predictability. Since you know exactly how long your money will be in the account, and the interest rate it will accrue, you will know ahead of time how much money you will be getting when you withdraw. It is not as flexible as other savings accounts, though. You won’t be able to take your money out whenever you want like a checking or savings account. And, if you do, you will be charged a penalty fee. Talk with one of our trusted bankers today to figure out if a CD is the right savings solution for you.
Product | Minimum Balance to Open | Earns Interest | Terms | Penalties |
Certificates of Deposit | $1000 | Competitively priced from six(6) months to five(5) years | If cashed before maturity, a penalty is applied |