Promotional CD Rates
3.75% APY†
$2,500
3.00% APY†
$2,500
2.25% APY†
$2,500
2.00% APY†
$2,500
1.75% APY†
$2,500
Annual Percentage Yield (APY) is subject to change at any time without notice at the bank’s discretion.
Rates are current as of June 7th, 2023.
Key Points:
There is a lot to consider when deciding whether a Certificate of Deposit (CD) is the right savings option for you. Here are a few key points to keep in mind.
1. YOUR FUNDS ARE FIXED
While typical savings accounts allow you to deposit and withdraw money, CDs require that you deposit a fixed amount of money at the time you open the account. You generally cannot make deposits after that time.
2. YOUR TERM IS FIXED
Although you may select the period of time that you would like for your CD to mature, such as six months, one year, or five years, you are then locked into that time commitment. If you need to withdraw funds before that time period ends, you may have to pay a penalty fee.
3. LOW-RISK AND HIGHLY PREDICTABLE
Since you know the amount of money in the account, the interest rate, and the period of time that your funds will remain in the CD, you may predict the amount of interest you will earn without being subject to much risk.
What is a Certificate of Deposit?
Certificates of Deposit, or CDs, are a type of financial account that is designed to hold a fixed amount of money for a fixed amount of time. If you are looking for a low-risk investment option that can help you grow your savings, a CD may be worth considering.
What are the benefits of a Certificate of Deposit?
There is a lot to consider when deciding whether a Certificate of Deposit (CD) is the right savings option for you. Learn more about the benefits, potential risks, and the decision-making process for opening a CD to decide if this option is right for you.
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† DISCLOSURES:
Annual Percentage Yield (APY) is subject to change at any time without notice at the bank’s discretion. Rates are effective as of 06.18.2026. CDs require a $2,500 minimum deposit of new funds to open the account and obtain the APY. New funds are not funds currently on deposit at Firstrust Bank or through Firstrust Financial Resources. $500,000 maximum deposit. All other terms and conditions of the Bank's CDs, including compounding of interest, are available in the Bank's current Truth in Savings Disclosure. Eligible for Regular CDs and Traditional, Roth and SEP IRAs. There is a penalty for early withdrawal. Fees may reduce earnings on the account. Additional federal penalties may apply for IRA CD withdrawals below age 59 1/2. (Please consult your tax advisor.) There is a seven calendar day grace period at maturity.
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