Get the security of a savings account while earning higher yields with a guaranteed interest rate when you leave your money in for a fixed period of time. Most accounts are FDIC insured up to $250,000 and many of our CDs can be styled as IRAs and Roths
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Annual Interest Rate
A term deposit is an investment, a fixed amount of money that is deposited for a fixed period of time.
There is no difference between a Term Deposit and a Certificate of Deposit (CD), a CD is simply a type of Term Deposit. A Certificate of Deposit is issued by a bank, and a Share Certificate is issued by a Credit Union.
If the amount deposited if not needed for the fixed term of the depotst, a term deposit will yield a higher rate of interest. The interest rate of term deposits is higher than the interest paid on a savings account.