Get the most out of your money with a Certificate of Deposit (CD) from Armed Forces Bank. A CD is a great way to lock in an interest rate for your selected term and steadily grow your money. Interest compounds quarterly for CDs 12 month or longer, while shorter terms pay at maturity. It’s the risk-free way to save and only requires a $500 deposit to get started.
Certificate of Deposit Rates
|Term||Minimum Opening Balance||Annual Percentage Yield||Open Now|
What You Need to Know
A fixed rate of interest is earned on the entire balance.
A minimum opening balance of $500 is required to obtain the disclosed annual percentage yield.1
There are penalties for withdrawing funds before the set term. The amount depends on the length of the account term.2
- 7 - 91 Days: 60 days loss of interest
- 92 - 182 Days: 182 days loss of interest
- 183 - <60 Months: 1 year loss of interest
- 60 Months: 2 years loss of interest
This account can be used to invest your IRA or ESA. Learn more.