CDs & CDARS

A Certificate of Deposit, or CD, is a secure way to invest cash on hand. Your investment earns a predetermined interest rate when you leave your cash in the CD for the full term. 

Certificate of Deposit Account Registry Service or CDARS is similar to a CD, but through the IntraFi Network Deposits network, you can invest larger sums of money and receive FDIC protection on amounts up to and even beyond $50 million. This is made possible by breaking up your investment across CDs in multiple banks inside the network. You get the convenience of a single CD, interest rate and statement, but you benefit from the protection of multiple CDs.

  • Invest as little as $500
  • Term lengths range from two months to five years
  • Get a CD solution that meets your financial goals and exceeds your expectations
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*To have monthly interest must leave account.

Products at a Glance

CDs/Time Deposits

The CDs below can also be IRA CDs. No ATM access or fees (unless withdrawn early). Terms of 1 year and over can have quarterly or monthly interest transferred to another account. Specials (penalty-free, etc.) are also available. 

  4 Mo CD 6 Mo CD 9 Mo CD 1 YEAR CD 13 Mo CD 30 Mo CD

18 Mo 
2,3,4 & 5 YEAR CD
Interest Credit At-Maturity At-Maturity Quarterly Quarterly Quarterly Quarterly
Minimum to Open $5,000 $2,500 $500 $500 $500 $500
Balance Computation Method -

Early Withdrawal  Penalty -

Additional Information		 Simple Interest. Three months earnings penalty for early withdrawal from CD Simple Interest. Three months earnings penalty for early withdrawal from CD * Interest compounded daily. Three months earnings penalty for early withdrawal from CD. To have monthly interest credited, interest must transfer to another account or mailed check monthly. * Interest compounded daily. Six months earnings penalty for early withdrawal from CD. Customers have one time penalty- free option. To have monthly interest credited, interest must transfer to another account or mailed check monthly. * Interest compounded daily. Six months earnings penalty for early withdrawal from CD. To have monthly interest credited, interest must transfer to another account or mailed check monthly. * Interest compounded daily. Six months earnings penalty for early withdrawal from CD. To have monthly interest credited, interest must transfer to another account or mailed check monthly.
Interest Rates See current rates See current rates See current rates See current rates See current rates See current rates

IRAs

Additional Information: If you close an IRA completely, there is a $50 IRA termination fee. 18 month IRA is the only CD that allows additional deposits. IRA options available include Savings accounts, Money Market and other CD terms. All account specifics/info remains the same as non-IRAs (minimum to open CD, penalty, etc.)

18 MO IRA* CD
(Only CD with additional deposit option)

Minimum to Open $100
Interest Quarterly (can be set monthly, but earnings must leave account)
Additional Information Six months earnings penalty for early withdrawal of CD. 18 month IRA is the only CD that allows additional deposits. Minimum deposit/contribution amount is $50.

CDARS

Paperwork is required to establish CDARS through IntraFi Network Deposits. 
4 Wk/13 Wk/26 Wk & 1 Yr/2 Yr/3 Yr terms available

Additional Information: Must have CDARS Commercial Savings (business) or CDARS Checking (personal) to open a CDARS CD & vice versa. Customer must be close to the FDIC limit on deposit with CBTC to use this service. This service provides a CD “exchange” to permit additional FDIC coverage. Interest on all CDARS CDs is compounded daily. Customer has several interest options. Substantial early withdrawal penalties apply.

ICS

Paperwork is required to establish CDARS through IntraFi Network Deposits.