A Certificate of Deposit allows you to earn a higher interest rate than most interest-bearing accounts because you agree to keep your money deposited for a certain amount of time. We have a variety of terms, from three months to four years. CDs conveniently renew automatically. You will receive a renewal notice 30 days before your CD matures so you can collect interest, add principal, or reinvest the money. Minimum opening balance is $1,000.00.