Certificate of Deposit
Metropolitan Certificates of Deposit (CDs) offer great flexibility with competitive interest rates on a variety of terms to match your savings needs. Interest can be compounded, paid by check, or deposited to your Metropolitan checking or savings account. Our online yield calculator can help you determine how to increase your savings level. Early withdrawals are subject to penalties.
Metropolitan CDs offer:
- Single maturity dates or automatically renewable periods from 30 days to 4 years.
- Minimum initial deposit of $500 for a maturity of one year or more, or $1,000 for a maturity of less than one year.
- Automatic renewals at maturity for the same term, at Metropolitan's regular interest rate for new CDs of the same term and dollar amount.
- Insurance up to $250,000 by the FDIC for maximum security.
To learn more about Metropolitan's CDs, terms and rates, call or visit one of our nearby and neighborly branch locations.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money-laundering
activities, federal law requires all financial institutions to obtain, verify
and record information that identifies each person who opens an account. What
this means for you: When you open an account, we will ask for your name,
address, date of birth, and other information that will allow us to identify
you. We may also ask to see your driver's license or other identifying