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Purchase a CD with a fixed sum of money for a fixed period of time that suits your needs - this can range anywhere from six months up to five years.
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Your CD earns interest which compounds semi-annually.
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When you cash in your CD at maturity date, you receive the money you originally invested plus the compounded interest.
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Substantial penalty for early withdrawal of CD funds.
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Annual Percentage Yield (APY) disclosed on rate sheet.
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FDIC insurance up to at least $250,000 per depositor.
A Certificate of Deposit from State Bank & Trust offers you a unique opportunity with greater earning potential and added security. CDs are a guaranteed investment and growing source of interest that you can easily convert into cash. They offer higher rates than a regular savings account. Put your money to work for you! Here's how CDs work:Certificates of Deposit (CDs)
For more information call us at 515-382-2191
