What's a risk-free way to save? Well, you could stuff your savings into a penny jar and hope for the best. But we wouldn't recommend that (we've tried it).
Instead, put your savings into a risk-free CD. It's safer than a penny jar, and you'll earn competitive interest at a guaranteed, fixed rate. Simply choose the term length that suits you best.
- Guaranteed, fixed-rate earnings
- Earns competitive interest at higher rates than standard savings
- Enjoy peace of mind with FDIC insurance up to $250,000
- Receive higher rates by selecting a longer term
- A wide range of terms available (from 3 months to 7 years)
- No setup or monthly fees
- Early withdrawals subject to penalty*
- $500 minimum deposit to open
*Early withdrawals may result in these penalties: 3 months of interest on amount withdrawn for terms of less than 18 months. 6 months of interest on amount withdrawn for terms of 18 months or longer.