Certificate of Deposits are a great way to make money while you save money. A certificate of deposit is a savings account that has a fixed interest rate and a fixed date of withdrawal. Open a CD account today with GN Bank with a 2.50% APY* over a 24-month period.
The Benefits of CDs
Earn Competitive Rates
CDs have higher rates than standard savings accounts.
Just like your other banking accounts, CD savings accounts are FDIC insured up to the customer’s applicable limits.
- A minimum opening balance of $1,000 is required.*
- Account should be opened using new deposits. (New Money)*
- The maturity date is 24 months from the date the account is opened.
- A penalty may be assessed for early withdrawal and could reduce earnings.
- GN Bank reserves the right to limit the amount of deposit.
Still Unsure About Opening a CD Account?
If you still have questions, we’re here to help! Get in touch with one our customer service representatives to learn more about our CD accounts. Click below to visit our contact page.
*Certificate of Deposit: The Promotional APY (Annual Percentage Yield) of 2.50% for a term of 24 months are accurate as of 08/03/2018 and are offered for Certificate of Deposit (CD) accounts opened during the promotional period. A minimum opening deposit of $1,000 is required to earn interest and to obtain the promotional APYs. The rate will not be changed for the term of the account. Interest will not be compounded. A penalty may be imposed for early withdrawal before maturity. The promotion begins on 08/03/2018 and may end at any time at Bank’s sole discretion without prior notice. Terms and conditions are subject to change without notice.
*New Money is defined as funds not currently on deposit with GN Bank or withdrawn at any time during the promotional period. The promotional APYs will not be applied to funds transferred from an existing GN Bank account.