Certificates of Deposit
If you can spare access to your cash for at least a few months, our Certificates of Deposit (CDs) could be an effective way to earn interest at rates higher than normal savings accounts. Most CDs require a $500 minimum deposit* and are available as both personal and business accounts. You choose a term ranging from three months to six years, and a fixed or variable interest rate†, then sit back and let your money go to work for you.
| CD/IRA Type | APYs for Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) *,‡ | APYs for Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) with Balances Over $100,000 |
|---|---|---|
| 3 Month CD/IRA |
3.50%
|
3.50% |
| 6 Month CD/IRA | 3.62% | 3.62% |
| 9 Month CD/IRA | 3.48% | 3.48% |
| 12 Month CD/IRA | 3.35% | 3.35% |
| 18 Month CD/IRA | 3.31% | 3.31% |
| 24 Month CD/IRA | 3.25% | 3.25% |
| 36 Month CD/IRA | 3.33% | 3.33% |
| 48 Month CD/IRA | 3.40% | 3.40% |
| 60 Month CD/IRA | 3.51% | 3.51% |
| Savings IRA § | 0.10% | 0.10% |
| 13 Month Bump-up CD (no longer offered)** | 0.00% | 0.00% |
Annual Percentage Yields (APYs) are effective as of 12/17/2024, and are subject to change without notice. APY assumes interest will remain on deposit until maturity.
At the end of the term funds can be withdrawn, or the CD can be renewed.
* All fixed rate CDs have a minimum opening deposit of $500. Savings IRA has a minimum opening deposit of $50.
**Bump-up CD allows the opportunity for a one-time rate increase based on the 13-month rate during the 13-month CD term.
† The Savings IRA interest rate and APY may change after account is opened.
‡ Fees may reduce the earnings on an account. A penalty may be imposed for early withdrawal of certificates.
§ You may make unlimited deposits to a Savings IRA account.