What Your CD Test Score Means

Find Out What CD Is Right For You

If you’re looking for an investment that protects your principle while giving you a higher return than traditional savings accounts, Certificates of Deposit (CD’s) are a smart option. They are FDIC insured which means that your money is protected by the US Government up to $250,000. To help you decide whether a short-, medium- or long-term CD is right for you, compare your test score to the chart below.

CERTIFICATE OF DEPOSIT CHART

If Your CD Test Score is…

Under 70 points:

You need a lot of liquidity, so a CD may not be right for you. Keep accumulating money in an investment savings account, like a money market account.

70 to 80 points:

You need some liquidity, but you can afford to lock your money in for a short period of time. Choose a short-term CD that matures in 3 months to 12 months, and match the maturity date to your needs.

85 to 95 points:

You will probably require access to your funds within the next 12 to 24 months. Select a medium-term CD that matures in 1 to 2 years, and match the maturity date to your needs.

100 points or more:

You can afford to take advantage of the higher interest rates a long-term CD yields. Consider a CD that matures in 2 years, and match the maturity date to your needs.

The above chart is for your information only. Be sure to consult a customer service representative before opening a certificate of deposit or money market account.
©2009 The Forms Group, All Rights Reserved

Re-enrollment required

If you have not logged in to your Personal/Small Business online bank account in the last 12 months you will be required to re-enroll.

Lost/Stolen ATM Card

If your ATM/Debit card is lost or stolen, contact us immediately at (313) 256-8412. After regular business hours, please call (833) 933-1681 to receive immediate assistance.  For International assistance, please call (812) 647-9794.

Detroit WeatherIcon For: Weather

Today
Icon For: Clouds
40o
35o
Fri
Icon For: Snow
42o
32o
Sat
Icon For: Snow
40o
34o
Sun
Icon For: Rain
39o
36o
Mon
Icon For: Clouds
38o
35o

Detroit, MI: 39o

Change City   Data by OpenWeatherMap

Change City

Cancel
×