- 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 |
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.