Forward Bank
Certificate of Deposit
You'll know what the expected return is and when you’ll receive it with Forward Bank!
Enjoy important features like
- Insured up to $250,000 per individual by the FDIC
- Automatically renewable
- Rate tiers based on balance
Short-Term CDs
- Short term savings certificates, usually 3-6 months, offer you the fastest, readiest access to your money
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
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
Certificate of Deposit Rates
| Account | Minimum to Open | Interest Rate | APY** | Minimum to Earn APY** |
|---|---|---|---|---|
| 6 Month CD | $500 | 0.30 | 0.30 | $500 |
| 6 Month CD | $500 | 0.35 | 0.35 | $10,000 |
| 6 Month CD | $500 | 0.40 | 0.40 | $25,000 |
| 1 Year CD | $500 | 0.40 | 40 | $500 |
| 1 Year CD | $500 | 0.45 | 0.45 | $10,000 |
| 1 Year CD | $500 | 0.50 | 0.50 | $25,000 |
| 2 Year CD | $500 | 0.45 | 0.45 | $500 |
| 2 Year CD | $500 | 0.50 | 0.50 | $10,000 |
| 2 Year CD | $500 | 0.55 | 0.55 | $25,000 |
| 3D-CD (30 Mo.)* | $1,000 | 0.52 | 0.52 | $500 |
| 3D-CD (30 Mo.)* | $1,000 | 0.57 | 0.57 | $25,000 |
| 3 Year CD | $500 | 0.48 | 0.48 | $500 |
| 3 Year CD | $500 | 0.53 | 0.53 | $10,000 |
| 3 Year CD | $500 | 0.58 | 0.58 | $25,000 |
| 3D-CD (40 Mo.)* | $1,000 | 0.55 | 0.55 | $500 |
| 3D-CD (40 Mo.)* | $1,000 | 0.60 | 0.60 | $5,000 |
| 4 Year CD | $500 | 0.63 | 0.63 | $500 |
| 4 Year CD | $500 | 0.68 | 0.68 | $10,000 |
| 4 Year CD | $500 | 0.73 | 0.73 | $25,000 |
| 5 Year CD | $500 | 0.85 | 0.85 | $500 |
| 5 Year CD | $500 | 0.90 | 0.90 | $10,000 |
| 5 Year CD | $500 | 0.95 | 0.95 | $25,000 |
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.
***Must have checking with direct deposit.
**APY=Annual Percentage Yield.
*Rates could change after account is opened.
Featured Product | Certificate of Deposits