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What is a Certificate of Deposit and How Can it Benefit You?

Looking for a way to grow your money without the instability that often comes with traditional investments? Consider opening a CD!

A CD, or Certificate of Deposit, is a great option for people of any age who have specific savings goal they’re working toward. CDs provide a stable way to grow fixed sums of savings faster than traditional savings accounts and they don’t expose you to as much risk as stocks or mutual funds.

How it works is you deposit funds into a CD and agree to keep your money deposited for a certain length of time (known as the CD’s “term”). Your interest rate is fixed for the duration of the term. When you redeem your CD, you receive the money you originally invested, as well as the interest you earned.

First International Bank & Trust's is currently offering the following special CD terms with great rates:

  • 4.00% APY for 6 months*
  • 4.05% APY for 9 months*
  • 4.10% APY for 13 months*
  • 3.50% APY for 25 months*

If you see a CD rate and term that work for you, let’s lock it in. Click “Apply Now” to open your CD today.


*APY - Annual Percentage Yield on these Certificates of Deposit (CD) is accurate as of 1/17/23. Rates, terms and conditions are subject to change without notice. Minimum opening deposit to earn the stated APY for any special CD account is $2500.00. Fees could reduce earnings on this account. A penalty may be imposed for early withdrawal of funds. These offers are for consumer and non-consumer accounts and not for public funds.

Financial Planning, Personal Banking