Looking for a safe and easy way to grow your savings? A Certificate of Deposit (CD) could be the perfect solution! At Northpointe Bank, we offer competitive rates on CDs that can help you reach your financial goals with peace of mind. Let’s break down why CDs are a great choice and why you should open one today.

What’s a CD?

A Certificate of Deposit (CD) is a special type of savings account where you agree to leave your money untouched for a set period—anywhere from a few months to several years. In return, the bank offers you a fixed interest rate, which is usually higher than what you’d get in a regular savings account. It’s a simple way to earn a guaranteed return on your savings!

Why Are CDs a Great Choice?

• Guaranteed Returns: When you open a CD, you know exactly how much interest you’ll earn over the term. The rate is fixed, so you don’t have to worry about market ups and downs affecting your savings. It’s predictable and secure!
• Higher Interest Rates: Compared to regular savings accounts, CDs often offer higher interest rates. This means you can potentially grow your money faster.
• Low Risk: Your CD is insured by the FDIC,* which means your money is protected. This makes CDs a low-risk way to save and earn interest without worrying about losing your money.
• No Monthly Fees: Many CDs don’t charge monthly maintenance fees, so your savings can grow without being reduced by hidden costs.
• Helps You Save for Specific Goals: Since your money is locked in for the duration of the CD, it’s a great way to save for a big purchase or goal, like buying a home or taking a vacation. It keeps your money safe and out of reach until you’re ready to use it.

Why Open a CD Today?

• Lock in a Great Rate: Interest rates change, and now might be the perfect time to lock in a higher rate before they drop.
• Reach Your Savings Goals: Whether you’re saving for a down payment on a house, a new car, or a rainy day, a CD is a simple way to set aside money for a specific goal. Plus, the fixed rate means you’ll know exactly how much your savings will grow by the end of the term.
• Easy and Hassle-Free: Once you open a CD, it’s easy to forget about it and let your money grow. With a fixed rate, you don’t have to keep checking on it—just sit back and watch your savings grow!
• FDIC Protection: Your money is safe. With FDIC insurance, your CD is protected so you don’t have to worry about losing your hard-earned cash.

Ready to Start Saving?

With Northpointe Bank, opening a CD is quick and easy—just visit our website at Northpointe.com to explore our competitive rates and terms and start growing your savings today.