Loans on CDs

Loans on CDs

Loans on Certificates of Deposit (CDs)

Did you know you have the option of borrowing money against your certificate of deposit at Highland Federal? You can borrow up to 97% of the value of your deposit at a rate of 2% above the rate you earn on the certificate of deposit.

This lending option allows you to leave your money on deposit avoiding penalties for early withdrawal and continuing to earn interest. You will receive a monthly reminder of interest due on the account. However, if the balance of your loan is less than 97% of the value of the certificate of deposit, no payments are required.

The process is fast and simple. There are no credit checks or applications to complete. Simply bring your certificate of deposit to Highland Federal and we will complete a short loan agreement, disburse the funds and you will be on your way in a matter of minutes.

For more details concerning this product, contact any of our deposit staff at Highland Federal.