Certificates of Deposit (CDs)
Only $500 to open a new CD account, with terms from 90 days to five years.
What is a CD?
Looking for a risk-free way to increase your savings or accumulate money for a specific life goal? With a low minimum deposit of $500, a Certificate of Deposit (CD) from The First is a safe and easy way to save money locally in Bucks County.
A CD may also be the ideal choice if you want an investment that can easily be converted into cash. CDs are a special type of deposit account that often offers a higher rate of interest than a regular savings account. You select your desired term, from 90 days to five years, and choose from three interest rate options: fixed-rate, variable-rate, or adjustable-rate.
Benefits and Features of Certificate of Deposit (CD)
$500 minimum deposit
Account terms range from 90 days to five years
FDIC-insured
Guaranteed rate of return
Choose between a fixed, variable, or adjustable interest rate
Compare Savings Accounts in Bucks County
Not sure which savings account is best for your needs? Compare all our savings account options to find the right one for you.
Statement Savings | Money Market Savings | Kids First Savings | Holiday | Special Purpose | IRA |
|
|---|---|---|---|---|---|---|
| Earns Interest | ||||||
| **ATM Card | ||||||
| Minimum Balance to Open | $1.00 | $1.00 | $1.00 | $5.00 | $5.00 | $25.00 |
| Minimum Balance to Earn Interest | $100.00 | $2,500.00 | $50.00 | $5.00 | $5.00 | $25.00 |
| Free Online Banking | ||||||
| Interest Paid | Monthly | Monthly | Credited Monthly | Yearly | At end of Term | Monthly |
| Fees | **$1.00 per month per card | |||||
| Service Charge if Below Minimum | $3.00 if minimum balance is not maintained. | $5.00 if minimum balance is not maintained. Allowed 6 Transfers per month. |
Open a new CD account in Bucks County!
Do stock market fluctuations make you nervous? Unlike other investment accounts, CDs are insured by the FDIC for up to $250,000. They are also guaranteed to grow in spite of market lows because your balance will increase steadily with interest.
CDs are also more useful for short-term savings goals than the stock market, which many people invest in for retirement. You can choose a term that will end just when you are ready to make a big expenditure such as a vacation, home improvement project, or child-related expenses like education or orthodontic work. CDs can also protect you from impulses to spend extra money as soon as you receive it. If you get a holiday gift cash or year-end bonus, why not place it in a CD that matures at the beginning of summer, so you can pay for a fun trip?
Rates and yields are effective as of:
| 90-Day | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.10 % |
| Annual Percentage Yield | 0.10 % |
| 6-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.15 % |
| Annual Percentage Yield | 0.15 % |
| 12-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.25 % |
| Annual Percentage Yield | 0.25 % |
| 18-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.35 % |
| Annual Percentage Yield | 0.35 % |
| 24-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.40 % |
| Annual Percentage Yield | 0.40 % |
| 36-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.55 % |
| Annual Percentage Yield | 0.55 % |
| 48-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.80 % |
| Annual Percentage Yield | 0.80 % |
| 60-Month | |
|---|---|
| Minimum Balance to Obtain Annual Percentage Yield* | $500 |
| Interest Rate | 0.95 % |
| Annual Percentage Yield | 0.95 % |
Account Terms
The following account terms apply to all accounts in this category unless otherwise marked:
-Annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
-The interest rate for your account will be paid until the maturity date of your certificate.
-This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty.
-Once opened, you may not make deposits into or withdrawals from this account until the maturity date.
-Interest begins to accrue no later than the business day you deposit noncash items (i.e., checks).
-If any of the deposit is withdrawn before the maturity date, a penalty will be imposed.
-Interest will be calculated on the daily balance method. This method applies a daily periodic rate to the principal in the account each day.
-An interest penalty may be assessed if a certificate of deposit is withdrawn before the maturity date.
We Put you first
Open a Certificate of Deposit Today
Questions about our certificates of deposit? Call us today for more information, apply online, or visit one of our locations to get started!
