Certificate Of Deposit (CD) in First Citizens BancShares
Certificate of Deposit (CD) — First Citizens BancShares
Secure your savings and lock in predictable growth with a Certificate of Deposit (CD) offered through First Citizens Bank, a member of the First Citizens BancShares family. A CD is a time deposit designed for savers who value guaranteed returns, clear timelines, and the confidence of federally insured deposits. Whether you are planning for a purchase, building a reserve, or diversifying your cash strategy, a First Citizens CD helps convert idle balances into dependable earnings.
Key Advantages
- Fixed rate for the entire term to protect your earnings from market swings
- FDIC insurance up to the applicable limits for qualified deposits
- Multiple term options to align with short-, mid-, and long‑term goals
- Automatic renewal with grace period for convenient account management
- No monthly maintenance fees—your money stays focused on growth
- Simple funding from an existing account and straightforward interest payout options
How a First Citizens CD Works
When you open a CD, you choose a term and deposit a fixed amount. Your Annual Percentage Yield (APY) is locked for that term, so you know exactly how your savings will grow. Interest is calculated on your balance and credited according to the schedule you select—often monthly, quarterly, or at maturity—helping you plan cash flow with confidence. At maturity, you can withdraw funds, add to your savings, or roll over your principal and interest into a new CD at the then‑current rate.
Terms to Match Your Timeline
Pick from a range of maturities designed to meet different needs: shorter terms for near‑term purchases and longer ones for savers seeking higher potential yields. Not sure which term fits? You can blend several terms to build flexibility and maintain access to a portion of your funds at regular intervals.
Safety You Can Bank On
CDs opened at First Citizens Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to the standard insurance limits per depositor, per insured bank, per ownership category. With the stability of First Citizens BancShares and the protection of federal insurance, your principal and accrued interest up to the applicable limits are guarded against bank failure, so you can focus on reaching your objectives.
Grow Smarter with a CD Ladder
A CD ladder diversifies your maturities across staggered terms. For example, instead of committing all of your savings to one long maturity, you could split your deposit into several CDs that mature at scheduled intervals. This approach helps balance yield potential with periodic liquidity, allowing you to reinvest at updated rates over time while maintaining access to portions of your funds.
Know the Costs and Access Rules
CDs are designed to be held to maturity. If you withdraw principal before your CD matures, an early withdrawal penalty may apply and could reduce earnings. To avoid penalties, plan your term length around your anticipated cash needs, consider a ladder for staged access, and use the post‑maturity grace period to make changes without fees.
Who Benefits Most
First Citizens CDs are ideal for conservative savers, goal‑oriented planners, and anyone seeking a guaranteed return over a defined timeframe. They also complement market‑based investments by adding a stable, non‑volatile component to your overall financial strategy.
How to Open
Start by reviewing current CD rates and available terms on the First Citizens website or at a local branch. Choose your maturity, confirm minimum opening requirements, and fund your CD from an eligible account. Setup is streamlined, and you’ll receive clear documentation outlining your term, APY, and interest payment schedule.
Why Choose First Citizens
As part of First Citizens BancShares, First Citizens Bank pairs time‑tested banking strength with modern convenience. You’ll find competitive CD rates, transparent policies, and personal support that makes it easy to align your savings with your life. From first deposit to renewal, the process is designed to be clear, reliable, and efficient.
Put your savings to work with a Certificate of Deposit from First Citizens today—lock in your rate, protect your principal, and move one step closer to your financial goals.
Rates, terms, and product availability are subject to change and may vary by location and eligibility. Early withdrawal penalties may apply. CDs at First Citizens Bank are FDIC insured up to applicable limits. Review current disclosures and consult the bank for the latest information before opening an account.
Address Bank: Raleigh, North Carolina, U.S.
Bank: First Citizens BancShares
Headquarters: Raleigh
Products: Deposit Accounts
Type: Certificate of Deposit (CD)
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