jar of money on table with green shoot growing out

Certificates of Deposit

Only $500 to open, with terms from 90 days to five years.

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.

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 them in a CD that matures at the beginning of summer, so you can pay for a fun trip.

Open a CD a The First with just $500, and you can invest for periods from 90 days to five years. Call us today at 215-860-9100 for more information or visit your nearest branch in Bucks County.