CD-Secured Loans
If you need to access money fast and want to use your certificate of deposit (CD), a CD-Secured loan could be the answer you've been searching for. Apply for yours with Stock Yards Bank & Trust and get a decision in days.
What Are CD-Secured Loans?
CD-Secured loans use your CD as collateral when providing you with a loan. You receive a certificate of deposit that grows in value over time. You cannot make withdrawals until the maturity date, which typically ranges from six months to five years.
A CD-Secured loan is a type of personal loan similar to other secured loans. It uses your CD to back the loan, enabling you to receive the money you need right away and pay it back in monthly installments. These loan types are considered less risky for banks and allow you to use the money for almost anything.
Why Should You Use a CD-Secured Loan?
If you have a CD, a CD-Secured loan might be a valuable option. This loan type favors those looking to establish good credit or quickly access funds during an emergency. If you're unsure whether a CD loan is right for you, consider these benefits:
- Your CD will continue to grow: Your CD will continue to earn interest throughout the loan's life, even when repaying.
- Speedy access to resources: These loans often take less time to get approved, quickly getting you the money you need.
- Lower interest rates: Your rate will be based on your loan length and more, but it's likely to be much lower than other loans due to its reduced risk on banks.
Work With a Trusted Partner Since 1904
When looking for CD-Secured loans in Kentucky, Ohio or Indiana, you can depend on Stock Yards Bank & Trust to help. We have been in business for decades, working with individuals, families and businesses to achieve their financial goals. Our team is proud to offer streamlined services from each branch across Kentucky, Ohio, and Indiana.
Apply for a CD-Secured Loan in Kentucky, Ohio, or Indiana
Stock Yards Bank & Trust has operated as a loan lender for years, giving our experienced professionals the skills and knowledge to find the ideal solutions for your needs. With a straightforward application process and our dedication to a high standard of business ethics, we can help you secure the funds you need in no time.
Ready to get started? You can apply online for your personal loan today or contact us online or visit your nearest branch with any questions or concerns.
Subject to credit approval. Terms and conditions subject to change. SYB NMLS# 433971