Certificates of Deposit (CDs) are among the most popular investments offered through banking institutions. These accounts allow investors the opportunity to ride the waves of economic change without suffering a loss of principal or income.
First Commercial Bank offers all of our customers the opportunity to open a CD with the guarantee that we will pay an interest rate over a fixed period of time. We offer a variety of CDs that will compound over different time frames. Some CDs will pay a fixed rate while others allow your investment to earn a rate based on market conditions. All CDs offer account holders the option to place accrued interest back into the account, transfer it to another account or have it mailed directly to them in the form of a check.
CDs are a safe, flexible, and easy to understand investment. Your deposit is insured by the FDIC up to $250,000 per account ownership type. Our new account representatives can show you how you can insure your investments for more than this amount.
Terms range from 7 days to 7 years and we offer competitive and bonus rates for CDs with opening balances of $50,000 or more.
In addition, we are part of the Certificate of Deposit Account Registry Service (CDARS) Network. CDARS is an innovative service with significant advantages for depositors with more than $250,000 to invest. This service provides full FDIC insurance coverage up to $50 million dollars.
To apply for a certificate of deposit account, click on the Apply link below and you will be directed to our online Personal Deposit Application. Your transaction will be handled confidentially and in an expeditious manner through our secure form.