Save on Your Terms
Like Regular Savings Accounts, certificates of deposit (CDs) allow you to save money but with a fixed interest rate and a fixed timeframe. CDs are a safe, convenient way to save for your retirement, vacation, new home, college education and more!
- Minimum balance to open: $1,000.00
- Terms range from 90 days to five (5) years
- Interest can be deposited into another PWSB account, reinvested into the CD or paid out by check
- A penalty may be imposed for withdrawals before maturity
Tips:
- You can use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) to calculate the insurance coverage of your accounts.
- We also recommend reading our blog article on CD Laddering.
Certificate of Deposit Special Offers
| Product/Term | Minimum Balance to Open | Minimum Balance to Receive APY* | Simple Interest Rate | APY* |
|---|---|---|---|---|
| 9-Month CD | $1,000.00 | $1,000.00 | 3.75% | 3.82% |
| 18-Month CD | $1,000.00 | $1,000.00 | 3.50% | 3.56% |
Certificates of Deposit
| Product/Term | Minimum Balance to Open | Minimum Balance to Receive APY* | Simple Interest Rate | APY* |
|---|---|---|---|---|
| 90 Days | $1,000.00 | $1,000.00 | 0.50% | 0.50% |
| 182 Days | $1,000.00 | $1,000.00 | 0.75% | 0.75% |
| 1 Year $1,000.00 – $9,999.99 |
$1,000.00 | $1,000.00 | 2.13% | 2.15% |
| 1 Year $10,000.00 or More |
$1,000.00 | $10,000.00 | 2.23% | 2.25% |
| 2 Year $1,000.00 – $9,999.99 |
$1,000.00 | $1,000.00 | 2.13% | 2.15% |
| 2 Year $10,000.00 or More |
$1,000.00 | $10,000.00 | 2.23% | 2.25% |
| 3 Year $1,000.00 – $9,999.99 |
$1,000.00 | $1,000.00 | 2.13% | 2.15% |
| 3 Year $10,000.00 or More |
$1,000.00 | $10,000.00 | 2.23% | 2.25% |
| 4 Year $1,000.00 – $9,999.99 |
$1,000.00 | $1,000.00 | 2.13% | 2.15% |
| 4 Year $10,000.00 or More |
$1,000.00 | $10,000.00 | 2.23% | 2.25% |
| 5 Year $1,000.00 – $9,999.99 |
$1,000.00 | $1,000.00 | 2.13% | 2.15% |
| 5 Year $10,000.00 or More |
$1,000.00 | $10,000.00 | 2.23% | 2.25% |
Important Terms
- Fees could reduce the earnings on these accounts.
- Certificates of Deposit and Individual Retirement accounts are fixed rate accounts and time deposits.
- We may impose a penalty for an early withdrawal from a Certificate of Deposit or IRA.
- The 9-month and 18-month CD specials have a required minimum balance of $1,000 to open. These CD specials also have a $1,000 required minimum balance to obtain the stated APY for Minors, Students or Organizations.
Savings Calculator
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