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What Your Certificate of Deposit
Test Score Means

Find Out What CD Is Right For You

If you're looking for an investment that protects your principle while giving you a higher return than traditional savings accounts, Certificates of Deposit (CDs) are a smart option. They are FDIC insured which means that your money is protected by the US Government up to $100,000. To help you decide whether a short-, medium- or long-term CD is right for you, compare your test score to the chart below.

 

Certificate of Deposit Chart

.....If Your CD Test Score is...

Under 70 points:
 You need a lot of liquidity, so a CD may not be right for you. Keep accumulating money in an investment savings account, like a money market account.
70 to 80 points
You need a lot of liquidity, so a CD may not be right for you. Keep accumulating money in an investment savings account, like a money market account.
85 to 95 points:
You will probably require access to your funds within the next 12 to 24 months. Select a medium-term CD that matures in 1 to 2 years, and match the maturity date to your needs.
100 points or more:
 You can afford to take advantage of the higher interest rates a long-term CD yields. Consider a CD that matures in 2 to 10 years, and match the maturity date to your needs.

 

The above chart is for your information only. Be sure to consult a customer service representative before opening a certificate of deposit or money market account.

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