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Purchase a CD with a fixed sum of money for a fixed period of time - this can range anywhere from six months up to five years, whichever is convenient for you.
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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.
Certificates of Deposit (CDs)
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:
