COMMITTED TO OUR COMMUNITY SINCE 1882        
First National Bank of Durango - click to goto homepage

Online Banker Login  |   Contact Us  |  Fraud Prevention  |   Print Page  Printer friendly  |
   
 

Certificates of Deposit

What is a Certificate of Deposit?
A certificate of deposit ("CD") is a short to medium-term, FDIC insured investment available at banks and savings and loan institutions. You agree to deposit a set amount of money in the bank for a certain amount of time and you are not able to increase the deposit amount except upon maturity. In exchange for doing so, you will be paid a predetermined rate of interest. Often, a penalty fee will be charged if the money is withdrawn from the CD before it matures.   

 
Equal Housing Lender

Equal Opportunity Employer, ©2013 All Rights Reserved, First National Bank of Durango
Member FDIC