Certificates of Deposit (CDs)
Details
- May earn higher rate than traditional savings
- Guaranteed, fixed rate for term of CD
- Terms ranging from 3 months to 6 years
- Penalties on earnings for early withdrawal
- Interest is compounded quarterly or at maturity
- Monthly or quarterly earned interest income is available
- Add liquidity to CDs by staggering term lengths
- $1,000 minimum deposit to open
CDARS®
- Gain multi-million dollar FDIC insurance for your company's funds without having to do a thing. Guaranty Bank will handle the logistics while you make guaranteed money with ease.
- Multi-million dollar FDIC insurance coverage
- All CD investments managed through a single relationship
- One interest rate, one regular statement
- Flexible maturity periods available
- Annual tax statement consolidated in one report