If you’re looking for a low-risk, high-return investment, think seriously about a Certificate of Deposit (CD). It works somewhat like a savings account in that you earn interest on the balance you maintain. But with a CD, you’re loaning your money to the bank for a fixed time at a fixed interest rate – and the bank rewards you with a higher yield than you’d get with a typical personal savings account.
Just look at these essential CD benefits:
- A Certificate of Deposit is FDIC-insured for up to $250,000 per depositor and is virtually risk-free.
- A CD account is easy to open and offers variable maturity terms.
- Compared to other long-term investments – like Money Market Accounts – a CD offers more liquidity.
All of these benefits are available to 1st Source CD customers. Learn more about what a Certificate of Deposit can do for you. And be sure to check out our flexible Online CDs.