Certificates of Deposit: A Safe and Reliable Way to Grow Your Savings
At Capon Valley Bank, we offer a wide range of Certificates of Deposit (CDs) designed to help you grow your savings with peace of mind. If you’re looking for a secure investment that provides predictable returns, our CDs are the ideal solution. Whether you’re planning for short-term goals or a long-term financial strategy, we have options that align with your needs.
Certificates of Deposit are a low-risk way to invest, offering a fixed interest rate and guaranteed returns, making them a reliable choice for conservative investors. With terms ranging from just a few months to several years, you can select a CD that best suits your timeline and financial objectives. Plus, our competitive interest rates ensure you earn more on your deposits compared to a traditional savings account.
Why Choose a Certificate of Deposit from Capon Valley Bank?
- Fixed Returns: Unlike market-based investments, our CDs offer fixed interest rates, ensuring your returns are predictable and protected.
- Low-Risk Investment: CDs are a stable option for investors who want to grow their savings without the risks associated with the stock market.
- Flexible Terms: Choose from a range of terms, from a few months to several years, to match your financial goals and timeline.
- Competitive Interest Rates: Our interest rates are designed to help you earn more on your savings while keeping your funds safe.
- Guaranteed Returns: Your funds are secured, providing peace of mind knowing that your savings are working for you with no market volatility.
How Can You Use a Certificate of Deposit?
A CD is ideal for those who want to earn a higher return than a traditional savings account without taking on the risks of the stock market. It’s perfect for saving for specific goals such as:
- Saving for a down payment on a home
- Planning for education costs for yourself or a family member
- Setting aside funds for a major purchase, such as a new car
- Building a safety net for future needs
At Capon Valley Bank, we make it easy to open a CD. Simply choose the term that fits your needs, deposit your funds, and enjoy predictable growth over time. You can choose to have the interest paid regularly or reinvested into your account, depending on your preference.
The Benefits of a Capon Valley Bank CD:
- Guaranteed Safety: Your deposit is protected, with no exposure to market fluctuations.
- Peace of Mind: Fixed interest rates ensure predictable returns, making it a great choice for conservative investors.
- Easy to Manage: Regular interest payments, with the option to reinvest or deposit into a separate account.
- Customized Terms: With a variety of terms to choose from, we make it easy to align your investment with your financial timeline.
Get Started with Your CD Today!
Ready to start earning higher returns on your savings? A Certificate of Deposit from Capon Valley Bank is an excellent choice for those who want to grow their funds securely and efficiently. With a range of terms, competitive rates, and personalized service, we’re here to help you achieve your financial goals.
Contact us today. Call 304-874-3531, email us at customerservicecaponvalleybank.com or visit your local branch to learn more about our current rates and terms. Our team is ready to assist you in choosing the right CD for your savings plan.
Current Certificate of Deposit Rates
Account Type | Minimum Opening Deposit | Required Minimum Balance to Achieve Stated APY* | Interest Rate | APY* /Quarterly Compounding |
---|---|---|---|---|
3 Month CD # | $500.00 | $500.00 | .75% | .75% |
6 Month CD # | $500.00 | $500.00 | 1.25% | 1.26% |
12 Month CD # | $500.00 | $500.00 | 1.50% | 1.51% |
18 Month Var. Rate CD / IRA ONLY # ** | $100.00 | $100.00 | 2.25% | 2.27% |
24 Month CD # | $500.00 | $500.00 | 1.75% | 1.76% |
36 Month CD # | $500.00 | $500.00 | 1.95% | 1.97% |
48 Month CD # | $500.00 | $500.00 | 2.00% | 2.02% |
60 Month CD # | $500.00 | $500.00 | 2.20% | 2.22% |
** The interest rate may change after account opening. Fees on the account could reduce earnings.
# A penalty may be imposed for withdrawal before maturity
Rates effective as of January 17, 2025