Certificate of Deposit (CD)

Offering full deposit insurance coverage up to the legal maximum and a guaranteed interest rate, a Certificate of Deposit (CD) is the safest investment tool available. Seattle Bank offers the standard array of CD options, and our interest rates can be among the most attractive in the Puget Sound area.

Summary

• Minimum opening deposit of $1,000
• Rate is fixed for duration of term
• Terms range from 3 months to 5 years
• Safe investment with much higher rates than savings account
• Interest compounded daily, paid quarterly
• Interest paid by check, deposited to a Seattle Bank checking or savings account, or reinvested in the CD
• Automatic renewal unless instructed otherwise
• FDIC insured
• Penalty assessed for early withdrawal
• Credited interest can be withdrawn without penalty