CD OPTIONS & RATES
Certificates of Deposit
CD is short for a Certificate of Deposit. It is a financial product that pays its owner a set rate of interest in return for leaving a fixed amount of money in our bank for a set period of time.
- Can earn up to 6 times more than a regular savings account
- No monthly maintenance fees
- Interest compounds quarterly
- A $2,500 minimum balance required to obtain APY (Annual Percentage Yield)
- Penalties may apply for early withdrawal
- Rates subject to change without notice
- Automatically renews
Please contact any of our friendly customer service representatives for the full details.
Current CD Rates as of February 18, 2026
Subject to Change Without Notice
Some Ways CDs are Used
- Lock up funds for a future purchase: If you have some savings dedicated to a big purchase years away, such as a car or down payment for a home, a CD can keep your money safe and out of reach until the estimated date you’ll need it.
- Protect your wealth over time: If you want to avoid the risks that come with stocks and bonds, especially if you’re close to retirement, you may decide to use long-term CDs. Your money won’t grow as much over time as in stocks, but CD returns are guaranteed and generally considerably higher than those of other bank accounts.
- CDs for pre-investmest funds: Some people who like to gradually invest and have rather large sums of cash available, use a strategy known as dollar-cost averaging. This is where cash that will eventually be invested is put into a CD so it’ll earn more interest than if if were in a regular savings account.
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