Safety & Security: When you invest in a CD, you’re putting your money in a low-risk, highly secure account. Unlike other investments that can be subject to market fluctuations or economic downturns, a CD guarantees the return of your initial deposit. CDs are FDIC-insured, up to $250,000, providing a secure place for your money with guaranteed protection. - 2. Predictable Returns: Enjoy reliable growth with a fixed interest rate, so you know exactly what your investment will earn by maturity. This means that you know exactly how much you will earn by the time the CD matures, making it easier to plan for future financial needs and goals. - 3. Better Interest Rates: CDs offer superior interest rates compared to standard savings accounts, helping your savings grow more quickly. This is because you are committing to leave your money untouched for a specified period. Generally, the longer the term, the higher the interest you receive. View CD rates to learn more about the current rates offered at Penn Community Bank. - 4. Terms Flexibility: Choose from a variety of term lengths that fit your financial goals, whether it’s short-term or long-term. From a vacation to a down payment, you can select a CD with a term that aligns with your timeline. Typically, there is a penalty for withdrawing funds prematurely. - 5. No Market Risk: Unlike investments in the stock market, CDs are immune to market fluctuations, ensuring your principal remains safe. This means your investment won’t lose value due to market fluctuations or economic downturns. The principal amount you deposited is protected, and the interest you earn is guaranteed.