Make the Most of Your CDs

The Simsbury Bank offers several CD options, all at very competitive rates, with a variety of terms and features designed to meet our clients’ differing needs and investment strategies.

• Our regular CDs continue to be a solid option, earning predictable interest over specified terms. 
• Choose-Your-Own-Term CDs let you peg maturity dates to personal savings objectives – such as college tuition payments, a wedding, a vacation or other major planned purchase. You get the added bonus of earning incremental interest for non-regular terms.
• Bump-Up CDs give you the flexibility to invest now but take advantage of any rise in interest rates. Should rates go up over the term of your Bump-Up CD, you can adjust upwards with a phone call.
• A CD Ladder can protect your CD portfolio from volatile interest rates. It’s a smart way of investing – build a ladder by staggering the maturity dates of three or more CDs, and earn an additional 1/4 percent interest on each CD. You may combine regular, Choose-Your-Own-Term, and Bump-Up CDs in a CD Ladder.