0 / 250

Short-term certificates of deposit (CD) v2

Paris - 6 Month(s)

A certificate of deposit is a type of savings account that offers a higher APY than a traditional savings account. With a CD, you deposit a lump sum of cash for an agreed-upon time frame. During the account term, you cannot access the funds without paying a penalty. Once the CD reaches maturity, you can withdraw or deposit the funds into a new one.

 

CD terms range between 6 months and 5 years. Longer-term CDs usually have a higher APY. We also offer some short-term no penalty CDs like CIT's 11-month no penalty CD. CDs from federally insured banks are covered up to $250,000 per customer.