These instruments are issued by scheduled commercial banks excluding regional rural banks. These are unsecured, negotiable, promissory notes having maturity of 91 days to one year.

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No. There are no fees associated with opening a Certificate of Deposit. In fact, the incoming wire fee is waived for individuals who wish to have our fastest processing to open their new accounts.

If you request a New Account Form by phone, you will receive the same documents that are available on our website.

Yes. As with most banks, fees may be charged for servicing your account. Please refer to the Deposit Product Rules and Regulations for full fee disclosures, which can be obtained by downloading the New Account Form or by calling (302) 656-SAVE.

No, an economic interest does not include an interest in a time deposit (for example, Certificate of Deposit) or demand deposit (for example, savings account in a financial institution) or in a money market fund with assets of at least $10,000,000.

Yes. You can have your monthly interest deposited directly into a Money Market Account. However, you must first open a Money Market Account and supply an initial deposit of $500 before taking advantage of this option.

A certificate of deposit (or CD) is a short- to medium-term, interest-earning, FDIC-insured investment. CDs offer a higher interest rate than other liquid savings accounts, as well as provide a guaranteed rate for a specific term. If you’re looking for a higher return rate with a guaranteed return and don’t need regular access to your money, then you should consider a CD.

COD means Certificate of Deposit. You can log on using your Certificate of Deposit number by choosing this account type.

There are two types of e-mail alerts that you may request to receive on the Account Alerts page for your certificate of deposit account(s). Learn more about Priority Alerts.

Yes, you can sign up to receive electronic statements on your Certificate of Deposit account(s). An e-mail notification will be sent to you each month when your statement is available to view online. Learn more about eStatements.

You can contact Deposit Customer Service at (302) 656-SAVE Monday through Friday from 8:00 am to 5:00 pm Eastern Time (ET).

Interest Rate is a simple rate for calculating interest. Annual Percentage Yield (APY) is a compounded annual rate, the result of interest rolling on top of interest. For example, if the interest on a savings account is added monthly onto the principal and the interest is recalculated every month based on the new balance, then its APY will be greater than its simple interest rate. If the interest is not compounded, i.e.

This depends on the amount of money you are able to invest. You can open a Traditional CD with as little as $1,000 ($5,000 for one-month term). However, the minimum amount to open a Liquid CD is $5,000.

Yes, we generally ask for a deposit to confirm your reservation. There is also a $100 minimum per booking.

Yes, we require a 50% deposit before we begin carving. The balance is due upon completion, or prior to shipping. We do not do COD's.

Direct deposit is the electronic transfer of payment to an individual's checking or savings account. It is a proven, safe and confidential way to receive your payment.