Certificate of Deposit and Individual Retirement Accounts can potentially earn higher rates of interest than typical savings accounts. These higher interest earning accounts are ideal for people who can place money into an account and not need to withdraw money from that account for a specified period of time.
Short-term and long-term fixed rates are available. These rates can vary on a weekly basis, so contact a local Commercial Savings Bank branch to verify rates and open an account.
Early withdrawal penalties apply if money is withdrawn before maturity.