If you are looking for an investment that is FDIC insured and will earn interest on your hard earned dollars, a certificate of deposit (COD) may be right for you. For most of our COD’s, we require a minimum opening deposit of $1,000. We offer a variety of maturity terms for COD’s including:
This unique investment product allows the account holder to increase the rate once during the maturity term of the COD. Customers can open a Step Up COD with a $1,000 minimum opening deposit and select from the range of maturity terms 24-months or greater. The Step Up COD is also FDIC insured and has substantial penalties for early withdrawal.
Customers up to age 18 who have a P A W S Savings Account may transfer money to a P A W S COD with a minimum opening deposit of $500. Select the desired maturity term from three to 60 months. The P A W S COD is FDIC insured and has substantial penalties for early withdrawal.
For more information about investment options, please visit GCSB Investment Center.