Certificates of Deposit (CDs)
Certificates of Deposit are the perfect way to invest and grow your money without losing sleep over the negative effects of up and down markets. Just choose the amount you want to invest, choose your term from 90 days to 60 months, and then your money will be ready when you’re ready to put it to use.
Benefits of Investing in CDs
- Add your bank CD to your relationship statement so your financial picture is in one place
- Put your earned interest to work - re-deposit it into your CD or transfer it to a First Commonwealth checking or savings account each month. Your money. Your choice.
- Rest easy knowing your money is protected by the security of FDIC insurance up to the maximum limits
- Leave it in for the full term to maximize your investment and avoid any penalties for early withdrawal
- $2,500 for terms less than 1 year
- $500 for terms greater than or equal to 1 year