- Short term savings certificates, usually 3-6 months, offer you the fastest, readiest access to your money
Forward Bank
Certificate of Deposit
Help grow your savings! Investing in a certificate of deposit (CD) can provide peace of mind whether you're saving for tomorrow, next year's projects, college tuition, or retirement.
Enjoy important features like
- Insured up to $250,000 per individual by the FDIC
- Automatically renewable
- Rate tiers based on balance
- Multiple terms available
Short-Term CDs
| Account | Minimum to Open | Interest Rate | APY** | Minimum to Earn APY** |
|---|---|---|---|---|
| 6 Month CD | $500 | 0.65 | 0.65 | $500 |
| 6 Month CD | $500 | 0.70 | 0.70 | $10,000 |
| 6 Month CD | $500 | 0.75 | 0.75 | $25,000 |
Medium-Term CDs
- Our 1-2 year medium-term CDs offer you higher yields than shorter term CDs
- IRA Fixed and Roth available
Long-Term CDs
- If you have a long-term outlook, our CDs with maturities of 3-5 years reward you with the highest yields we have to offer
- IRA Fixed and Roth available
| Account | Minimum to Open | Interest Rate | APY** | Minimum to Earn APY** |
|---|---|---|---|---|
| 3 Year CD | $500 | 1.40 | 1.41 | $500 |
| 3 Year CD | $500 | 1.45 | 1.46 | $10,000 |
| 3 Year CD | $500 | 1.50 | 1.51 | $25,000 |
| 4 Year CD | $500 | 1.65 | 1.66 | $500 |
| 4 Year CD | $500 | 1.70 | 1.71 | $10,000 |
| 4 Year CD | $500 | 1.75 | 1.76 | $25,000 |
| 5 Year CD | $500 | 1.90 | 1.91 | $500 |
| 5 Year CD | $500 | 1.95 | 1.96 | $10,000 |
| 5 Year CD | $500 | 2.00 | 2.01 | $25,000 |
Unique CDs
- Add to your CD during the term, bump up your rate to market rates once per term, withdraw funds from your CD
- 30 and 40 month terms available
Relationship CD Specials
- Customers who have a checking account with direct deposit at Forward Bank can take advantage of offers featured in our Relationship CD Specials.
| Account | Minimum to Open | Interest Rate | APY** | Minimum to Earn APY** |
|---|---|---|---|---|
| 11 Month CD† | $5,000 | 3.66 | 3.70 | $5,000 |
| 21 Month CD† | $5,000 | 3.80 | 3.85 | $5,000 |
Featured Product | Certificate of Deposits
These interest rates are subject to change without advance notice.
APY assumes interest is added to account.
Term Certificates of Deposit and IRA’s may be subject to early withdrawal penalty.
**APY=Annual Percentage Yield.
*Rates could change after account is opened.
†Must have a checking account with direct deposit Forward Bank.