What Your Certificate of Deposit
Test Score Means

If you're looking for an investment that protects your principal while giving you a higher return than traditional savings accounts, Certificates of Deposit (CDs) are a smart option. They are FDIC insured which means that your money is protected by the US Government up to $100,000. To help you decide whether a short, medium or long-term CD is right for you, compare your test score to the chart below.

CERTIFICATE OF DEPOSIT CHART

If Your CD Test Score is...

Under 70 points:
You need a lot of liquidity, so a CD may not be right for you. Keep accumulating money in an investment savings account, like a Money Market Account(MMDA) or a PersonaLink Money Manager Account.

70 to 80 points:
You need some liquidity, but you can afford to lock your money in for a short period of time. Choose a short-term CD that matures up to 9 months, and match the maturity date to your needs.

85 to 95 points:
You will probably require access to your funds within the next 12 to 18 months. Select a medium-term CD that matures in 12 to 18 months, and match the maturity date to your needs.

100 points or more:
You can afford to take advantage of the higher interest rates a long-term CD yields. Consider a CD that matures in 2 to 5 years, and match the maturity date to your needs.

Would you like to open a CD account?

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