Certificate of Deposit
A certificate of deposit (CD) is a time deposit, similar to a savings account. A CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.
Our Certificates of Deposits offer guaranteed yields, flexibility, and the safety of FDIC insurance. That’s because you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.
Your investment is safe because Shelby County State Bank CDs are backed by the Federal Deposit Insurance Corporation for up to $250,000 per individual – making them as safe as any investment in the world.
We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind. And, for as little as $1,000, you can open your own CD. To help you decide which CD will best meet your needs, come in and talk to one of our Customer Services Representatives today at any of our convenient locations.
• Short-Term CDs. Short term savings certificates, usually up to 3 months, offer you the fastest, readiest access to your money.
• Medium-Term CDs. Our 6 to 12 month medium-term CDs offer you higher yields than shorter term CDs.
• Long-Term CDs. If you have a long-term outlook, our CDs with maturities of 2 years or more reward you with the highest yields we have to offer.