Special 8-month CD Rate
Take advantage of an 8-month CD at 4.00% APY*
Investing in a CD is simple:
Stop into any one of our 22 branches to open your new CD
Make a one-time deposit of at least $500
Watch your savings grow
Frequently Asked Questions about CDs
A certificate of deposit account (CD) is an interest-bearing time deposit where money stays in an account for a specific period of time, during which it may not be withdrawn. CDs are available in various term lengths.
CD account interest rates are often higher than traditional savings accounts, making them a great option for reaching your savings goals faster using money that you don’t need immediately.
Are there any fees to open or maintain a certificate of deposit?
There are no fees to open or obtain the APY on a certificate of deposit.
What’s the minimum opening deposit for a CD?
There's a $500 minimum deposit to open a CD.
What is the penalty for an early withdrawal from my CD?
| CD Term Length in Months | Penalty Days for Early Withdrawal |
|---|---|
| > 0 and < 12 | 90 |
| > 12 and < 36 | 180 |
| > 36 | 365 |
Can I add money to my CD at any time?
No. Once you open and fund your CD, you can't add funds again until your CD matures.
What happens to my CD at maturity?
You have a 7-calendar day grace period starting on your maturity date to:
- Change the term
- Make any additional deposits or withdraw funds
- Close the CD
What happens when my CD renews?
Unless you have selected a different CD term or closed your CD, your CD will renew at the same term and the rate will be determined at the end of the 7-calendar day grace period. Check our current rates.
Still have questions? Reach out to our Customer Care team at 518.730.3000.
*Annual Percentage Yield (APY). APY is effective as of 9/19/24.
**Minimum opening balance of $500. No minimum balance is required to earn the stated APY after account is opened. Rates may change prior to account opening. A penalty may be imposed for early withdrawal. APY assumes funds remain on deposit until maturity. Fees may reduce earnings.