Our Certificates of Deposit offer great flexibility with competitive interest rates on a variety of terms to match your savings needs. Interest can be compounded, paid by check, or deposited into your CNB checking or savings account.
CDs are insured by the FDIC+ and are virtually risk-free. They have a specific fixed term (often three months, six months, or one to five years) and an interest rate, which is typically higher than a savings account. It is intended that the Certificate of Deposit be held until maturity++, at which time the money may be rolled over, withdrawn or renewed for a different term.
Contact your banker to get current rates.
+FDIC (Federal Deposit Insurance Corporation) deposit insurance covers the depositors of a failed FDIC-insured depository institution dollar-for-dollar, principal plus any interest accrued or due to the depositor, through the date of default up to $250,000.
++Early withdrawal penalties may apply.