Certificates of Deposit | Mizrahi Tefahot Bank LTD

Looking for a low-risk investment vehicle with a guaranteed rate of return? Certificates of Deposit are useful investment tools for businesses that want to earn interest on their cash reserves while minimizing financial risk.

Details

Certificates of Deposit from UMTB offer:

Fixed interest rates for guaranteed returns
Tiered interest levels based on account balances
Varying term lengths—from one month to several years—to meet your liquidity needs
FDIC insurance of up to $250,000 per account owner
No monthly maintenance fees
Higher interest rates than traditional savings accounts, with tiered rates for higher balances
Flexible reinvestment options at maturity

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Frequently Asked Questions

Stocks and funds carry market risks and savings accounts often have lower rates of return. CDs offer higher interest rates than most savings accounts, paired with a predictable and guaranteed return on investment, making them a useful tool when you need to diversify your company’s investment portfolio. And their flexible term lengths and deposit amounts mean they can be customized to meet your specific business needs.

The minimum amount needed to open a certificate of deposit is $1,000.

Once you open a CD, you will not be able to access those funds until it reaches its maturity date, which can vary from a month to several years, depending on your needs.

It is possible to withdraw your funds early. However, when you withdraw funds from a CD before it matures, you will forfeit the interest you’ve earned. You may also be required to pay an early withdrawal penalty.

Yes, if you do nothing, your CD will be automatically renewed for the same term length at current market rates. However, you have a window of time after maturity to withdraw your funds to do with them as you like or place them in a new CD of your choosing to continue earning interest on your cash reserves.