Save on Your Terms
Like Regular Savings Accounts, certificates of deposit (CDs) allow you to save money but with a fixed interest rate and a fixed timeframe. CDs are a safe, convenient way to save for your retirement, vacation, new home, college education and more!
- Minimum balance to open: $1,000.00 – $2,500.00 (depending on term)
- Terms range from 30 days to five (5) years
- Interest can be deposited into another PWSB account, reinvested into the CD or paid out by check
- A penalty may be imposed for withdrawals before maturity
Tip: You can use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) to calculate the insurance coverage of your accounts.
Investing in a low-rate environment
If you’re worried about investing in a CD when rates are low, consider a laddering approach.
By opening longer-term CDs at different times, your CDs will come due every year, 6 months or even more frequently. By staggering when your CDs mature, you retain the ability to access funds without incurring a penalty.
Laddering also gives you the opportunity to invest during different rate environments and enjoy better returns than investments in savings accounts, money market accounts or short-term CDs.
Apply online for your PWSB CD.
Best CD Rates
We pride ourselves on competitive certificate of deposit (CD) rates.
Get the Facts
Learn Whether Certificates of Deposit are Right for You.