Certificates of Deposit | Mizrahi Tefahot Bank LTD

Certificates of Deposit

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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.


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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Q: How can certificates of deposit benefit my company?

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.

Q: What is the minimum deposit required to open a CD?

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

Q: What is the maturity period of a CD?

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.

Q: What happens if the CD is withdrawn before maturity?

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.

Q: Can the CD be renewed at maturity?

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.