Certificates of Deposit (CDs)
What is a CD?
Certificates of Deposit (CDs) are common savings products also known as "time deposits". CDs are typically offered in terms of 3 months, 6 months, 1 year, 2 years, 3 years, or greater. In exchange for locking away a consumer’s cash for a specific time period, CDs typically offer higher yields than a regular savings account. The rates typically increase with the length of deposit terms. Deposits in a bank CD are federally insured by the FDIC for up to $250,000 per depositor, per insured bank.
First Bank of the Lake CDs
First Bank of the Lake has a variety of CD's to fit your needs.
Terms ranging from 3 months to 60 months with very attractive interest rates*.
*Rates subject to change without notice