Certificates of Deposit (CDs)

A Safer Way to Grow Your Savings

To open a Certificate of Deposit, simply stop by your local branch and speak to one of our Personal Bankers.

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Tax Season CD Special

Multiple CD Options! Or, contribute to your IRA.

8 Months at 5.25% APY

13 Months at 5.00% APY

36 Months at 4.00% APY

Our special CD rate is available to our customers with an active checking account making a $5,0001 minimum deposit.

What is a CD?

A certificate of deposit is a timed deposit. You deposit a specific amount of money for an agreed upon term and after the term is up, you withdraw the money along with a healthy sum of interest.

The higher the annual percentage yield (APY), the higher amount of interest you will earn on your deposit.

There is a penalty for early-withdrawal, so as long as you have a decent emergency fund, it's a fairly low-risk investment and a good way to tie up some of your funds if you're looking for a way to avoid spending in favor of saving.

Family at dinner table budgeting money

Expect more than a great rate from your CD.

Interest accumulating

Earn Interest

Lock in an APY and your term. Then, all you have to do is look forward to your interest payout at the end of that term.


FDIC Insured

Your funds are securely invested in a risk-free environment and locked in for your guaranteed term. Sit back and wait for the benefits to roll in!

Guarantee of return


CD rates generally bring in a higher rate of return than regular deposit accounts, and the best part is that you don't have to worry about stock prices.



Have your interest transferred to your checking or savings account at Central.

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Know what's going on with your money.

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We live and work in the same communities that you do. That means we care when you come in with questions.

What would I use a CD for?

A CD is similar to a savings account in that it earns interest and is backed by FDIC insurance. Where it differs is the flexibility of your funds. You can't make withdrawals before the term is complete without penalty.

You could use a short-term CD to save for:

  • Small house projects
  • Vacations
  • Larger purchases that require a sizeable amount of cash

Start by putting your funds into a CD with a high rate of return, so when it's time to make that purchase you've got a little bit more saved than if you had placed those funds into a savings or money market account.

To open a CD, simply stop by your local branch and speak to one of our Personal Bankers.

Find a Branch

Compare a CD to a Savings Account

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Not a customer yet? Let's get you signed up.

Joining the team never felt so good. Great savings and fresh technology to manage your money.

1 Limited time offer. Annual percentage yield accurate as of 3/11/2024 and is only available for a limited time. Rate is based on specified term and required $5,000 minimum deposit. Penalties apply for early withdrawals; fees may reduce earnings. Offer good for initial term only; automatic renewal will be at rate in effect at time of renewal. A new or existing Central National Bank checking account is required. Not available for public funds.

How can we help?

Let us know the best way to reach you and one of our customer representatives will be in touch.

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