Certificates Of Deposit at Liberty Bank
One of the most important elements of a thorough financial management plan is your approach to savings. Placing your funds in a personal savings account is an essential first step, but there are plenty of other ways to store your money while allowing your assets to grow. One popular solution that's available through Liberty Bank is the certificate of deposit (CD).
How Do Liberty Bank's CDs Work?
The CD is a savings certificate that allows you to invest funds at a fixed interest rate and at a term you determine. The certificates typically include a minimum deposit, but so long as you continue to maintain that balance, your money will earn interest over time, offering a stable avenue to financial growth. Here's how certificates of deposit work at Liberty Bank.
- Open a CD with a minimum deposit of just $1,000
- Maintain a minimum balance of $1,000 to accrue interest at a fixed rate
- Choose a term that suits your needs, with options ranging from three months to five years
- Interest can be paid monthly, quarterly, semiannually or annually at no charge
- Interest can be paid by check or credited to another Liberty Bank Account
Aside from providing a simple chance to bolster your financial stability, Liberty Bank's certificates of deposit include a host of management tools that make it easy to stay on top of your finances. A monthly statement informs you of your CD's status on a regular basis, while online banking offers essential account information when you need it most. Plus, Liberty Bank customers have access to a host of 24-hour telephone banking services, so you can conduct balance inquiries, transfer money between accounts and much more, no matter where life takes you.
Save More with Liberty Bank
Liberty Bank is your friendly neighborhood hub for dependable personal banking. In addition to certificates of deposit, Liberty Bank offers the following personal savings services: