Why Should I Consider A CD?
CDs offer a smart, worry-free investing option with a guaranteed rate of return. You know exactly what your earnings will be, unlike some other investment options.
| Term | Interest Rate | APY* |
|---|
| 6 Month | 0.30% | 0.30% |
| 1 Year | 0.40% | 0.40% |
| 2 Year | 0.50% | 0.50% |
Take Time To Invest – It's Easy
With life’s daily to-do lists, considering how you can earn more on your savings is typically last on the list. But taking just a few minutes to determine how much of your savings you would like to place in a CD, and opening an account with us, can be a smart decision for your financial portfolio. You can open a CD with as little as $1,000 and with terms as little as six months. Why let the money sit in a savings with a lower interest rate when you can earn more in a short-term, easy-to-open CD?
Benefits Of Sun Canyon CDs
- We regularly monitor the competition to ensure we offer some of the best rates available (resulting in the best earnings for you).
- We focus on simple, short terms, which benefits customers who are not interested in long-term investments such as retirees.
- Your money is FDIC insured up to $250,000. Sun Canyon also offers CDARS® which allows for multi-million dollar FDIC insurance.*
- No monthly fees for CDs.
Access To CD Funds
- When your CD term ends, you can withdraw your money at no charge during a 10-day grace period.
- If you decide that you want to renew your CD, you don’t have to do anything – we will automatically renew it.
- Need your funds before the CD term ends? Not a problem, but there will be an early withdrawal fee.*
CDARS®
Establish CD Savings With Multimillion-Dollar FDIC Insurance
Certificate of Deposit Account Registry Service (CDARS) is the easiest, most convenient way to enjoy full FDIC insurance on CD deposit amounts larger than $250,000.
- One Bank – Everything is handled for you through Sun Canyon Bank. Your large deposit is broken into deposits under $250,000 and placed with banks within the CDARS member network.
- One Rate – You earn one great rate with the entire investment.
- One Statement – You receive one regular account statement listing all of your CDs, along with the specific banks, maturity dates, interest earned and other details.
- No Hidden Fees - You will not be charged annual fees, subscription fees, or transaction fees for using CDARS. The rate you see is the rate you get.
Disclosures
*Advertised Annual Percentage Yield (APY) accurate as of November 2, 2021. A minimum deposit of $1,000 is required to open and earn stated APY. Penalty may be imposed for early withdrawal. See Terms & Conditions for more details. FDIC coverage is provided through Banterra Bank; see FDIC for more details. Placement of your funds through CDARS service is subject to the terms, conditions and disclosures set forth in the agreement you enter into with us, including the applicable Deposit Placement Agreement. Limits apply and customer eligibility criteria may apply. CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
