HOME » You » Savings » Certificate of Deposit
Certificate of Deposit
Grow your money over a short period of time with Certificates of Deposit (CDs).
Choose your term, and when it expires you'll have the option to renew your investment at a current interest rate, cash out, or transfer your funds to another investment or savings account. With a guaranteed return on your investment and the security of FDIC insurance, CDs make a great choice during any market condition.
| CD Options |
|
Fixed Rate CD's
|
Save over a specific time period and earn a guaranteed return on your money.
- Minimum opening balance requirement of $1,000
- Terms from 3 months to 4 years
- Interest rate fixed during CD term
- Interest paid monthly or quarterly depending on your term.
- No deposits or withdrawals until maturity without penalty
|
| Liquid Certificate of Deposit |
This CD allows you to save over a specific period of time but with the benefit of flexibility in the amount of your CD.
- Minimum opening balance requirement of $5,000
- You may add or withdrawal (not both) up to 25% of the principle balance once each year.
- 24 month Term
If you are over age 60, you may withdraw up to 100% of your principal balance without a penalty.
|
| Bump CD |
This CD allows you to save over a specific period of time but with the benefit of flexibility in the rate of your CD.
- Minimum opening balance requirement of $2,500
- You may not make deposits to this CD until maturity.
- You may choose to change your rate twice during the term of a 30 month CD and once during the term of an 18 month CD.
|
Jumbo CD
|
The minimum deposit for a Jumbo CD is $100,000. Terms for this CD range from 14 days to 365 days. Rates can change daily so be sure to call any F&M office for a quote. |
Compare F&M Savings Accounts