Our Money Markets and our CDs require the same minimum balance of $2,000 and both offer competitive interest rates. So which account should you choose? This information is to help you decide which account is right for you.

Money Market
Money Market Accounts are a good choice if you need constant access to your money. They are also a good choice if you want to begin investing now and add to the account over time. They allow free access to your funds and you may make deposits and withdrawals as you go.

Certificates of Deposit
Money is placed in a CD for a set amount of time with a specified interest rate. There is a penalty for early withdrawal, so you should not choose a CD if you think you might need to access your cash before the maturity date. The best thing about CDs is that they are FDIC insured and offer a relatively high return.