Thursday, February 1, 2018

3 Key Benefits to Having a CD

Certificates of Deposit or CDs can really come in handy for a number of reasons. Certificates of Deposit (CDs) are common savings products also known as "time deposits". If you are looking for different methods to save money, you should consider opening one at your local bank at the Lake of the Ozarks. Here are a few key benefits of having a CD.

3 Key Benefits to Having a CD

Benefit # 1
CDs are FDIC insured
Deposits in a bank CD are federally insured by the FDIC for up to $250,000 per depositor, per insured bank. 

Benefit # 2
Better yields than a savings account
In exchange for locking away a consumer’s cash for a specific time period, CDs typically offer higher yields than a regular savings account.

Benefit # 3
Great interest rates
For a complete list of the Certificate of Deposit interest rates at First Bank of the Lake, visit CDs are typically offered in terms of 3 months, 6 months, 1 year, 2 years, 3 years, or greater. The rates typically increase with the length of deposit terms. First Bank of the Lake has a variety of CDs to fit your needs. Terms ranging from 3 months to 60 months with very attractive interest rates. Rates are subject to change without notice.

"The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind." - T.T. Munger

See Some of the Kind Words from a Few of Our Fantastic Customers

"First Bank and it's people are wonderful...they are KIND, friendly, and helpful no matter what our question or request! We love you all!" - Nancy Hertzler Culver 

"Opened new account - friendly staff- very helpful! Also moved an IRA - better rates" - Charli Allee 

"First bank employees always have a smile, enjoy doing business there" - Jeff Bethurem

Certificates of Deposit or CDs at the Lake of the Ozarks

Ready to start saving with your very own CD. First Bank of the Lake is here to provide banking products to fit your needs. Our goal is to find the right product or service to meet your financial needs. We're sure we have the perfect account to meet your needs. We have been your local bank in Osage Beach for 30 years and we don't try to sell you a loan or service you don't need. We make all of our decisions right here at home - we use judgment and compassion when evaluating customer requests. If you are ready to start banking at a 5-Star Community Bank, stop by and visit us at 4558 Osage Beach Parkway in Osage Beach or call us at 573-348-2265. You may also visit our website at for more information on the services we provide.

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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

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