Earn More with a Certificate of Deposit
Looking for a secure way to grow your savings? Our Certificates of Deposit (CDs) offer guaranteed returns, flexible terms, and the safety of FDIC insurance.
With a CD, you lock in a fixed interest rate from the day you open your account until it matures - so you’ll always know exactly how much you’ll earn and when you’ll receive it.
At DeWitt Savings Bank, your investment is protected. Our CDs are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per individual, giving you peace of mind that your money is in safe hands.
Understanding CD Terms in Today’s Rate Environment
Interest rates fluctuate based on economic conditions, and right now, shorter-term CDs offer the highest yields. This is because the market expects rates to change over time, making banks more competitive on short-term deposits. Here’s what that means for you:
- Short-Term CDs (Up to 3 Months) – Typically offer the highest rates available today, making them a great choice for maximizing earnings while keeping your money accessible.
- Medium-Term CDs (6 to 12 Months) – A balance between yield and flexibility, these CDs still offer competitive rates while giving you more time before renewal.
- Long-Term CDs (2 Years or More) – While longer terms traditionally provide the highest returns, the current environment favors shorter commitments. These CDs still offer stability but may not have the highest rates at the moment.
Not sure which CD is right for you? Contact one of our Customer Service Representatives for the latest rates and expert guidance at 217-935-9470.