What is a CD?

A CD is a savings vehicle with a competitive interest rate that will be fixed until the day it matures1. When you put money into a CD, you're agreeing to keep it there until the scheduled date of withdrawal. In exchange, ASB provides you with a fixed interest rate for the full term of the CD. This interest will be compounded daily and paid at your request monthly, quarterly, annually, or at maturity (for CDs with terms of 1 year or less).

Features:

  • $1,000 minimum to open or $100,000 to open a Jumbo Certificate
  • No fees when funds remain in account for the CD term
  • Higher returns than typical savings accounts
  • Wide range of fixed terms - from 7 days to 10 years

Common Questions:

 

 

 

  1. A penalty may be imposed for early withdrawal.