Certificate of Deposit

Our Certificates of Deposits (CDs) offer guaranteed yields, flexibility, and the safety of FDIC insurance. That’s because you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.

Your investment is safe because Forward Bank CDs are backed by the Federal Deposit Insurance Corporation for up to $250,000 per individual – making them as safe as any investment in the world.

 

 

Short-Term CDs

Short term savings certificates, with a term of 3 or 6 months, offer you the fastest, readiest access to your money.

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Rate tiers based on balance

Automatically renewable

3 or 6 month terms

Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per individual

Medium-Term CDs

Our 1 or 2 year medium-term CDs offer you higher yields than shorter term CDs.

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Rate tiers based on balance

Automatically renewable

1 or 2 year terms

Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per individual

Long-Term CDs

If you have a long-term outlook, our CDs with maturities of 3 years or more reward you with the highest yields we have to offer.

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Rate tiers based on balance

Automatically renewable

3, 4 and 5 year terms

Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per individual

Unique CDs

Sometimes a standard CD doesn’t quite fit your needs, which is why we have 3D CD options for you.

Add to your CD during the term, bump up your rate to market rates once per term, withdraw funds from your CD

Automatically renewable

30 and 40 month terms

Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per individual