Certificates of Deposit (CDs)
Despite what the skincare industry tells you, time can be your best friend. The same amount of money in a timed CD will earn greater returns than a savings account. And everyone needs a friend that pays them money!
Bank of Holland offers competitive rates on CDs ranging from 3 months to 5 years. The rate is locked and the funds are federally guaranteed. There's no risk and no wrinkles—just smooth saving.
- Summary
- Earn greater interest than savings accounts
- Rate locked for term
- Terms from 3 months to 5 years
- Penalty on interest earnings for early withdrawal
- CD can be renewed at maturity
- Risk-free investment option
- $500 minimum deposit to open
- FDIC insured (up to legal limits)
