A variety of CDs are available through Northwestern Mutual Investment Services, LLC (NMIS).
Interest Bearing CDs
Fixed Rate CDs*
- Provide a guaranteed, fixed interest rate that is determined at purchase and remains constant for the duration of the certificate
- Interest is typically paid twice a year
- Maturities range from 3 months to 10 years
- FDIC Insured
Variable Rate CDs*
- Pay a rate of interest that changes at pre-determined levels according to a specified formula or key interest rate
- Provide a guaranteed return on principal when held to maturity
- FDIC Insured
Zero Coupon CDs*
- Offered at a discount from par
- The discount is considered taxable income by the IRS and must be declared annually
- Suited for long-term investors in Individual Retirement Accounts with tax-deferred growth
- Do not pay interest until maturity
- Maturity may range from 5 to 20 years
- FDIC Insured
Inflation Indexed CDs*
- Provide investors with inflation protection
- Typically indexed to inflation on the basis of changes to the Consumer Price Index (CPI)
- FDIC insured
Please see the attached document regarding Important Information About Certificates of Deposit which describes the types of CDs offered as well as their corresponding risks.
You should carefully consider the investment objectives, risks, expenses and charges of the investment company before you invest. Your Northwestern Mutual Investment Services Registered Representative can provide you with a prospectus that will contain the information noted above, and other important information that you should read carefully before you invest or send money.