A safe, secure, easy way to earn more money from your savings! Look no further than a Certificate of Deposit (CD) account! A centuries-old solution, CDs have stood the test of time.

What is a CD?

A CD, or certificate of deposit, is a low-risk tool for saving that offers higher rates than a typical savings account. With one caveat, the sum of money placed in the account must remain untouched for a specified period of time. There are penalties for early withdrawals.

Here are five reasons why you should consider opening a CD account today:

1. Guaranteed Fixed Rate of Return, No Fees

Unlike other investment options that are subject to market fluctuations, a CD account offers a guaranteed fixed rate of return or Annual Percentage Rate. This means that you know exactly how much interest you will earn over the life of the CD, making it easier to plan and budget for your savings goals. And there are no fees!

When looking for an alternative to the volatility and potential of loss from stocks and bonds, CDs arise as a high-quality alternative with greater assurance!

2. Low Risk

CD accounts are considered a low-risk investment option because they are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor. Wow, up to $250,000! This means that no matter what happens in the financial markets, you will still receive your principal investment plus any accrued interest.

OneUnited Bank is an FDIC-insured and regulated financial institution, so your deposits are safe and secure with us!

3. Higher Interest Rates

With higher interest rates than your traditional savings accounts, CDs are a great option for those who want to earn more on their savings, with no fees and without having to take on additional risk.

CDs come with locked rates which means you can predict your earnings over the term of the account!

Fixed returns, low risk, high-interest rates! What more can CDs possibly hold in store?

4. Flexible Terms

CD accounts come in a variety of terms, ranging from a few months to several years. That’s right, choose a time that is best for you! With this flexibility, you can optimize your savings goals and timeline.

Once the term ends, also called the maturity date, you can withdraw your funds penalty free!

5. Easy to Open and Manage

Opening a CD account is quick and easy! You can manage your account with online banking or through our highly-rated mobile app.

Plus, since CD accounts have a fixed term and interest rate, you don’t need to worry about actively managing your investment. Less worry, more savings!

A CD account is a superb option for those who want a safe and secure way to earn more on their savings.

What are you waiting for? With fixed returns, low risk, higher interest rates, flexible terms, and easy management, there’s no reason not to consider opening a CD account today! #BankBlack

OneUnited Bank

OneUnited Bank, the nation’s largest Black-owned bank and FDIC insured, understands we have to focus on money and technology to close the racial wealth gap. With your support, by simply opening and actively using a OneUnited Bank account, we will continue to accomplish our mission!

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