Certificates of Deposit
CDs allow you to earn higher dividends at a guaranteed fixed rate. Enjoy this low-risk investment option while watching your savings grow – it’s that simple!
With a CD at Southwest Financial, you’ll enjoy
- Minimum opening deposit of $500
- Terms to fit your savings goals, from 12 to 36 months
- Tiered dividend is paid monthly (longer term = better rate = more money)
- Reinvest your dividends in your certificate or transfer it to another Southwest Financial account
- View your CD balance online or through our mobile app
- Automatic renewal, with a grace period of 10 calendar days after maturity to withdraw
- Funds insured by the NCUA up to $250,000
- Southwest Financial provides excess share insurance through ESI for an additional $250,000
As with other investment accounts, a penalty is assessed for early withdrawals and could reduce your earnings.