A Certificate of Deposit is an interest-bearing deposit account with a fixed term. The interest rate is generally higher than a normal savings account. The minimum opening amount is $1,000.00. We offer 6 month, 12 month, and 24 month terms, as well as a special 9 month CD at a preferred rate. Interest is calculated and paid quarterly. The interest can also be rolled back into the certificate for compounding or deposited into one or your other savings accounts. Refer to our Certificate Rates for further information.