Certificates of Deposit (CDs) are among the lowest risk investments available but there are still opportunities to maximize the benefits you can receive from CDs by selecting the right product for you.
The key to wisely investing with CDs is selecting investments with both a favorable interest rate and flexible terms or maturity dates.
Some high-yield CDs come with strings attached, including high minimum deposits, longer terms or “call” features that mean the issuer might terminate the CD at any time. The CD with the highest rate may not be the right investment for you.
Clay County Savings Bank offers CD terms as short as three months and up to 60 months with a minimum investment of just $500. This flexibility allows you to select the maturity date you need. For example, if you’re setting aside money for a vacation, college tuition or retirement, you can determine the exact date you want your investment available.
Whether your investment in a CD is as little as $500 or more than $25,000, Clay County Savings Bank offers competitive rates to provide you with the best return on your investment.