Certificates of deposit (CDs) are low-risk savings that can increase your earnings with interest.
If you leave the money alone during the investment duration, known as the “term,” we will pay you an interest rate higher than what you would have earned in a money market or checking account. All gains from CDs are taxable as income, unless they are in a tax-deferred (IRA) or tax-free (Roth IRA) account.
CDs are among the safest investment a person or business can make. The interest rate is determined ahead of time. Your deposit may be insured up to $250,000.
The calculators on our website are provided for informational purposes only. Carter Bank & Trust and its affiliates disclaim any warranties, endorsement or representation, express or implied, related to these resources.
Fees may reduce earnings.