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Certificates of Deposit (CDs)
Slow and steady wins the race — and a higher rate. Guarantee yourself a return and maximize it with longer terms.
Key Features
Guaranteed Returns
Competitive Interest
No Setup or Maintenance Fees
Details
- Fixed rates, higher than standard savings
- No setup or maintenance fees
- Wide range of terms available (from 1 month to 60 months)
- Interest can be credited to the CD or to a FNBM checking or savings account
- Use your CD as collateral for a FNBM loan
- Provides more guarantee than other risky investments
- Early withdrawals subject to penalty¹
- $500 minimum deposit to open
¹ Penalties for early withdrawal:
One year or less: 1 month interest penalty
13 Months up to 32 months: 3 month interest penalty
Greater than 32 Months: 6 month interest penalty