A certificate of Deposit (CD) account allows you to save money for a specified time while receiving a fixed rate of return. CDs are available for different durations, otherwise known as “terms,” and are fully FDIC insured.
Certificates of Deposits (CDs) only allow one initial funding deposit. Funds are not available for withdrawal during the term of the CD (without being subject to a penalty). However, interest can be withdrawn monthly by contacting Customer Service at 800-242-0272.