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The Security of Century Bank Certificates of DepositLooking for a secure place for your money? Century Bank Certificates of Deposit (CD's) allow you to invest funds for a specific period of time at a fixed interest rate, giving you the opportunity to ride out any interest rate fluctuations that may occur. Each Century Bank CD is FDIC insured. In addition to our normally competitive interest rates, we do offer special promotional CDs from time to time. When you inquire about our CD rates, ask about our current special offers. Use Century Bank’s CD Laddering Calculator to lock-in higher yields, increase your liquidity and take advantage of rising interest rates! If you want to lock in higher rates with longer term CDs but don’t want to miss out on the action if interest rates rise, laddering CDs may be a perfect option for you. With CD laddering you have the security of knowing that you will be able to access at least some of your money within a relatively short time . Here’s how it works... Start your CD ladder by buying several CDs at one time but with different maturity dates. For example, assume you have $10,000 to invest and prefer the higher yields that come with 5 year terms. You would purchase five CDs: Earn higher rates with CD LadderingCD # 1 for $2,000 for a one-year term, CD # 2 for $2,000 for a two-year term, CD # 3 for $2,000 for a three-year term, CD # 4 for $2,000 for a four-year term; CD # 5 for $2,000 for a five-year term. When the 1-year CD matures, you roll it over into a 5-year CD (or whatever term you choose). As each subsequent CD matures you roll each one over for the same term. At the end of four years, you will have one 5-year CD maturing every year. You will have access to cash every year, enjoy the higher yields of a 5-year investment and be in a position to take advantage of rising interest rates. Laddering is a sound saving strategy because no matter what happens to interest rates, you will always have the current top rate on some of your money. When you know ahead of time how much money you will earn, you can make financial plans with confidence. CD laddering is a smart way to make your cash reserves and fixed assets work harder for you. Build your own customized CD laddering strategy |
   
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