If you’re looking to earn a higher interest rate on your savings, then a certificate of deposit (CD) may be for you! A CD gives you a guaranteed interest rate, typically higher than standard savings accounts, for a specific period of time, ranging from three months to five years. Total deposits are fully insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor.
Choose the term that best meets your needs!
- $1,000.00 minimum investment
- Personal or business CDs available
- Terms ranging from 3-60 months
- Early withdrawals subject to penalty
- If the CD automatically renews at maturity, the rate of interest is subject to change from the original term
- Interest on CDs compounds quarterly
- Terms may vary for CD specials
CD Specials
Annual percentage yields effective as of March 8, 2024.
Forte Bank is offering three CD specials. Consider taking advantage of all three to ladder your investment. Investing your money in CDs with various maturity dates gives you access to some of your money in a shorter period of time, while also allowing you to take advantage of the highest rate.
7-Month CD Special – 4.84% Annual Percentage Yield (APY)
Requirements:
- $1,000 minimum deposit
- Interest is compounded and credited quarterly
- Early withdrawals subject to penalty
- Fees could reduce earnings
15-Month CD Special – 4.58% Annual Percentage Yield (APY)
Requirements:
- $1,000 minimum deposit
- Interest is compounded and credited quarterly
- Early withdrawals subject to penalty
- Fees could reduce earnings
21-Month CD Special – 4.06% Annual Percentage Yield (APY)
Requirements:
- $1,000 minimum deposit
- Interest is compounded and credited quarterly
- Early withdrawals subject to penalty
- Fees could reduce earnings
Limited time offer.
Contact a branch today to open your CD!