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peninsula Credit Union Blog

Life happens to us all. We can help you make a fresh start, take control of your financial life, and rebound.

What is a CD and how does it work?

A CD is a certificate of deposit. CD’s are a low risk investment in which you are paid interest quarterly to keep funds on hold in your account for a set term. Our CD terms vary from 6 months to 5 years. Each term has a different dividend rate for you to earn from the funds on hold. Because the funds are on hold, it is not easily accessible to spend; making it a good way to save!

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