Certificates of Deposit
Add financial stability and predictable income to your portfolio with Certificate of Deposit accounts.
CDs offer a secure and low-risk investment option for individuals looking to grow their savings. CDs provide a reliable way to increase your wealth over time making certificates of deposit an excellent choice for those seeking stability and growth in their financial portfolios.
Fixed Rate Certificates
| Fixed Rate | IRA | Jumbo | Malaga Kids Account | |
|---|---|---|---|---|
| Min to Open | $1,000 | $1,000 | $100,000 | — |
| Early Withdrawal | Penalty | Penalty unless required for Required Minimum Distributions (RMD) | Penalty | Penalty |
| Term | 32 days – 5 years | 32 days – 5 years (excludes liquid accounts) | 32 days – 5 years | 1 year |
| Benefits | Select your own term and interest rate based on the amount you invest. You can choose a term as short as 32 days or as long as five years | Traditional, Roth and Simplified Employee Pension Plans (SEP) | Competitive rate on larger balances | FREE Malaga piggy bank to encourage savings! |
| 3 Month Liquid | 5 Month Liquid | |
|---|---|---|
| Min to Open | $5,000 | $5,000 |
| Early Withdrawal | 1 pentalty-free withdrawal up to 50% of balance during each term (IRA funds excluded) | 2 penalty-free withdrawals of up to $50,000 combined during each term (IRA funds excluded) |
| Term | 3 months | 5 months |
| Benefits | Unlimited deposits and one penalty-free withdrawal of up to 50% of the balance during each term. | Unlimited deposits and two penalty-free withdrawals of up to $50,000 combined during each term. |
For more information, contact a Customer Service Representative at 310.375.9000.