At Embassy National Bank, we understand the importance of secure and reliable savings options, which is why we proudly offer Certificates of Deposit (CDs). With various terms to choose from, our CDs provide a safe and dependable way to grow your savings while earning competitive interest rates. As your trusted community bank, we prioritize personalized service and tailor-made solutions to meet your financial goals. Whether you prefer to connect over the phone, email, or visit us in person at our local branch in Lawrenceville, GA, we're here to guide you every step of the way. Let's discuss how our CDs can help you achieve your savings objectives and secure your financial future.
Certificates of Deposit or CDs are standard bank products that have a stated yield or interest rate for a specified term. CDs typically have a higher interest rate than a standard savings account because you give up the use of your funds for a specific period. Since CDs are backed by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, they are very low-risk products.
When you open a CD, you can select your maturity date to match your needs. For instance, if you are planning a trip in two years, you can invest in a 24-month CD. The most common term lengths for CDs can be anywhere between 90 days and five years. Generally speaking, the longer the term of your CD, the higher the interest rate you will earn.
