BUSINESS CERTIFICATE OF DEPOSIT
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- BUSINESS CERTIFICATES OF DEPOSIT (CDS)
Can’t be bothered with shifting interest rates? Find a good rate and lock it in with a certificate of deposit (CD) from F&M Bank. Just pick a term, lock in the rate and let the CD do the rest. A CD lets you earn interest on cash reserves while maintaining cash flow and guarding against the ups and downs of the market.
New to this savings strategy? A ladder lets you spread your investment over CDs of different terms and maturity dates. How do you build it? Let’s say you have $10,000 to invest. Just to keep things simple, you could split that amount into two $5,000 CDs of different term lengths. Or make four $2,500 investments in CDs of varying lengths, like two in short-term CDs and two with longer terms. When the short-term certificates mature, you reinvest the original amount (plus interest earned) in a longer term certificate. Simply repeat that strategy each time a CD matures, moving up the ladder and multiplying yields as you go.
Leverage fixed rates and higher yields for future savings goals.
Contact us for our current rates and terms.
Avoid riskier investments with a guaranteed rate of return.
Choose from a wide range of terms (from 91 days to 60 months).
No setup or maintenance fees required with account.
Your account renews automatically upon maturity.