With a Certificate of Deposit account, you can earn a competitive interest rate for a fixed amount of time, called a term. Once the term is over, you receive a guaranteed return.
Looking for the security of a fixed rate savings product?Anticipate the rate at which your savings grow.
Opening a CD Account
Commonly referred to as a CD, this type of account often has a higher interest rate than a traditional savings account. How does it work?
- Select a term that matches your financial needs, from 3 to 60 months
- Start earning competitive interest rates for this period, on a balance as low as $500
- Interest is compounded and credited monthly, may be withdrawn before maturity
Why Choose a Certificate of Deposit?
CDs are a great way to reach your savings goals faster, using money you don’t need right away. If you’re planning to buy a new car or take a tropical vacation in the future, you can earn interest on the money you deposit into a CD over time.
When you open a CD at Ion Bank, you will receive interest on the amount saved at a fixed rate. More secure than a variable rate, a fixed rate allows your savings to grow free from market fluctuation.