Don't miss out on our 4.84% APY* 6-Month CD!

Get great CD rates in Springfield with our limited time offer. Stop in to open yours today! 

* Annual Percentage Yield (APY) is accurate as of 12.27.2023 and subject to change without notice. Minimum balance of $1,000 required to open. The 6-month CD will automatically renew for 6 months at the then current rate for a 6-month CD. Penalty for early withdrawal will apply.

FAQs about 6-month CDs

What is a 6-month CD?

A 6-month CD, or Certificate of Deposit, is an account into which you agree to deposit a certain amount of money for a fixed period of 6 months. In return, the bank or financial institution offers a higher interest rate than regular savings accounts.

 How does a 6-month CD work?

When you open a 6-month CD, you deposit a sum of money with the promise not to withdraw it for 6 months. In exchange, Guaranty Bank  provides a fixed interest rate that's typically higher than standard savings accounts. At the end of the 6 months, you receive your initial deposit back along with the accrued interest, or you can roll the funds over for another term at the current interest rate.

 Is a 6-month CD worth it?

Absolutely! If you're looking for a short-term investment with a guaranteed return and can commit to not accessing the funds for the duration, then a 6-month certificate of deposit may be right for you. Learn more about your personal banking options today!

 Are CDs FDIC insured?

Yes, CDs, including 6-month CDs, are typically FDIC insured up to the maximum allowable limit, which means that even if the bank fails, your investment is protected up to that limit. Get the details from the FDIC website!

Where can I learn more about 6-month CDs? 

There are several reputable sources that provide information about this type of investment. Check out Investor.gov from the Securities and Exchange Commission for a good overview of CDs. The Consumer Financial Protection Bureau also offers some great information about CD rates.