As the year winds down, many people start thinking about their financial goals for the upcoming year—whether it’s saving for a big purchase, building an emergency fund, or simply making smarter money moves. One often-overlooked opportunity is opening a Flex Certificate of Deposit (CD), especially at the end of the year. At Redstone Bank, our Flex CD offers a unique blend of stability and flexibility that can help you start the new year on a solid financial footing.
What Is a Flex CD?
A Flex CD is a type of certificate of deposit that gives you more control over your money than a traditional CD. While most CDs lock your funds away until maturity, a Flex CD allows for additional deposits and withdrawals—making it ideal for savers who want to earn a competitive interest rate without sacrificing access to their funds.
Year-End Benefits of Opening a Flex CD
Here’s why opening a Flex CD before the calendar flips to January can be a savvy financial decision:
1. Put Your Year-End Bonus or Holiday Cash to Work
If you’ve received a holiday bonus, gift money, or have leftover funds from your annual budget, a Flex CD is a great way to earn interest while keeping your money accessible. Instead of letting it sit idle in a checking account, you can start earning right away.
2. Jumpstart Your New Year Savings Goals
Whether you’re saving for a vacation, home renovation, or college tuition, starting early gives you a head start. With a Flex CD, you can continue to add funds throughout the term, helping you build your savings consistently.
3. Enjoy Flexibility Without Sacrificing Growth
Unlike traditional CDs, our Flex CD allows for unlimited in-person withdrawals ($1,000 minimum), so you’re not completely locked in. This makes it a great option for those who want to grow their savings but still need access to their money in case of unexpected expenses.
4. Take Advantage of Competitive Rates
Year-end promotions often include special CD rates, and locking in a Flex CD now could mean better returns than waiting until next year. Be sure to check with your local Redstone branch for current offers.
5. Simplify Your Tax Planning
Depositing funds into a Flex CD before December 31 can help you organize your finances ahead of tax season. It’s a smart way to allocate surplus funds and potentially reduce your taxable income if you’re using it in conjunction with other savings strategies.
Key Features of Our Flex CD
- Minimum opening deposit: $5,000 minimum, $250,000 maximum
- Term options: 7-month
- Additional deposits allowed: Yes, minimum $1,000
- Withdrawals allowed: Yes, unlimited in-person withdrawals (minimum $1,000)
- Competitive interest rates: 4.00% APY*
Ready to Flex Your Savings?
A Flex CD offers the perfect balance of growth and accessibility—especially as you plan for the year ahead. Visit your nearest Redstone Bank branch or contact us online to learn more and open your Flex CD today.
*APY (Annual Percentage Yield) The APY is effective as of 9/18/2025. Deposits accepted at any time at a minimum of $1,000. Unlimited in-person withdrawals ($1,000 minimum) with no penalty (conditions apply). Interest compounded monthly. Automatically renews to a 7-month Flex certificate at the current rate. Penalty for early withdrawal.