Learn to Open a CD Online

Certificates of Deposit are a great way to earn some extra interest income on money you do not plan to use in the short term. By purchasing a CD, you earn a higher interest rate in return for "locking up" your money for a specified period of time. Purchasing these items is now easier than ever, since you can do it all through our online system. Here's how:

1. In order to purchase one of our CDs online, you must have your money already deposited in your account, such as in your savings or checking account.

2. To get started, log into your online account (see these instructions if you do not know how to do this).

3. From the main menu, click on "Certificates".

4. Choose the CD you'd like to buy based on the term length and associated interest rate. Most of our CD's carry a $500 minimum deposit, but this may vary for certain certificates.

5. Click on the "Buy a Certificate" link next to the CD you'd like to buy.

6. Complete the short form required to open the account, which includes specifying the account from which your deposit should come.

7. You're done! Within the next few days, you should receive a paper copy of your CD in the mail, along with other required disclosures. Simply keep this CD on hand and bring it in to us within 10 days of your CD maturing. If you cash it in before maturity, a penalty will be assessed. If you wait past your 10 days of maturity, the CD will automatically renew for another term at the current interest rate.

CDs are also a great way to teach children about saving money and earning interest.