A Certificate of Deposit (CD) is a no-risk way to take advantage of high interest rates.
Investing in a CD is simple. Just keep your money deposited for a predetermined period and earn interest at a level associated with that term. The longer you keep your funds invested, the more you’ll earn. First Federal offers a variety of CDs to fit your needs, from 30-day deposits to long-term, 60-month investments.
- CDs range from 30 days to 6 months
- $500 minimum required to open an account
- Contact your local branch for rates
- Interest can be transferred to a checking, savings, or added to the CD balance
- Substantial penalty for early withdrawal