These perennially popular savings instruments pay significantly higher interest rates than savings accounts in return for keeping your money on deposit for a set length of time. You can save as much as you want, for as long as you want, and earn interest at maturity. Your money is FDIC-insured up to the legal limit.

Account Features

  • Minimum opening deposit of $500
  • Terms from 90 days to 5 years
  • No monthly service charges
  • Fixed interest rate based on the term of the certificate
  • Penalty for early withdrawal