CD Laddering 101: How To Increase Your Savings

Описание: Discover More: https://ow.ly/Hfk750Rxzzo

Today, we're thrilled to introduce our Certificates of Deposit (CDs) – a secure, flexible savings option with guaranteed yields, backed by FDIC insurance. Discover how to grow your savings faster with a CD at www.fnba.com/cds/certificates-of-deposit/.

WHAT IS CD LADDERING?
CD Laddering is an investment strategy where you divide your savings into multiple CDs with different maturity dates. This approach allows you to take advantage of higher interest rates for long-term CDs while still having access to your money at regular intervals. By staggering the maturity dates, you can reinvest funds from maturing CDs into new ones, ensuring a continuous cycle of earning and flexibility.

WHAT IS A CERTIFICATE OF DEPOSIT (CD)?
A Certificate of Deposit (CD) is a low-risk savings account offering a fixed interest rate for a specified term, ranging from a few months to several years. CDs provide higher interest rates compared to regular savings accounts, as you commit to keeping funds deposited for the chosen term. This enables you to grow your savings more efficiently!

We offer a wide range of CD terms to fit your needs. With a Certificate of Deposit, you’ll know exactly what return to expect as the high yield rate is locked in from the day you open the account until maturity. Your funds are insured by the FDIC up to $250,000 per depositor. Start earning higher returns by opening a CD online today for as little as $1,000!

HOW TO FUND A NEW CD
Fund your new CD via ACH transfer from a checking or savings account (excluding brokerage, annuity, or CD accounts). Allow up to ten business days for the funds to be withdrawn from your external account. ACH funding is requested on the date of account opening.

ONLINE DEPOSIT ACCOUNTS AVAILABLE

Personal Certificates of Deposit
Personal High Yield Savings Accounts
We do not offer specialized accounts online (e.g., business, trusts, estates, power of attorney, custodial accounts, HSAs, or IRAs).

OPTIONS WHEN THE CD MATURES
Upon maturity, you can:

-Take no action, and your CD will automatically roll over for the same term at the current rate.
-Roll over your entire CD into a new term at the current rates.
-Withdraw part of your CD and roll the remainder into a new term at the current rates.
-Withdraw all funds from the CD.

Explore secure investments with certificates of deposit, a reliable option for high-yield savings. Terms range from 12 to 84 months, with FDIC insurance ensuring safety for your financial planning. CD rates offer a guaranteed return, making these fixed-interest deposits a crucial tool for effective money management.

Thank you for watching: CD Laddering 101: How To Increase Your Savings #financetips #moneymanagement #cds    • CD Laddering 101: How To Increase Your Sav...  

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