Certificates of Deposit
Easy signup. High-yield. FDIC-insured up to the established limit.
Saving for Good. Saving for Change.
Our high-yield Certificates of Deposit accounts give you the opportunity to support a greener, more sustainable future, while investing in your own.
Online Certificates of Deposit Rates
Accurate as of September 5, 2023
| Interest Rate | APY* | Minimum Opening Balance | |
|---|---|---|---|
| 12 Month | 5.505% | 5.65% | $1,000 |
| 24 Month | 2.957% | 3.00% | $1,000 |
| 36 Month | 2.957% | 3.00% | $1,000 |
| 60 Month | 2.957% | 3.00% | $1,000 |
*Annual Percentage Yield
Rates and APYs are subject to change at any time. Fees assessed to account may reduce the earnings. Early withdrawal penalties may apply to all Certificates of Deposit and Individual Retirement Accounts. Intrafi® Network Deposits SM ICS® (Insured Cash Sweep) is available to be linked to any checking, or Money Market account. The interest rate on the ICS will match the linked account rate. Intrafi Network Deposits CDARS® (Certificates of Deposit Account Registry Service) is available at the same rates as Certificates of Deposit rates above.
Earn for a Brighter Future
Every cent you save earns interest for you & helps support a brighter, more sustainable future.
What do I need to open an account?
To open an account, you will need:
- A valid form of ID (Driver’s license, state ID, passport)
- Your social security number
- Current residential address
- Your email address
- Your routing number & account number of funding source account OR
- Your online login credentials of the funding source account AND
- Must be at least 18 years of age
What is the minimum balance requirement to open an online CD account?
The minimum balance requirement to open an online CD account is $1,000.
How do I fund my CD account?
During account opening, you will be required to fund your account through 1 of 2 methods. Some banks can be accessed through Plaid, a data transfer network, by inputting your online banking login credentials. The other option is to provide the routing number & account number of the funding source account. This transfer will take place upon account approval. Please ensure sufficient funds are available in the funding account prior to submitting your application. There is no fee to transfer funds.
How long does it take to open my account?
Your completed application will be reviewed in 1 to 2 business days. We’ll send you an email to the email address you provide letting you know the status or if additional information is needed.
What is the penalty for early withdrawal?
If your account has an original maturity of less than 24 months, a penalty equal to three (3) months interest will be charged to your account.
If your account has an original maturity of 24 months or more, a penalty equal to six (6) months interest will be charged to your account.
Note: You can withdraw interest any time during the term after it is credited to your account without penalty. The APY on all certificates assumes that principal and interest will remain on deposit until maturity.
Investment Financial Calculators
Resources
Jun 16, 2021
What Will My Investment Be Worth in the Future?
See what the amount you invest today will be worth in the future.
Resources
May 15, 2021
How Much Can I Save Over Time?
Use this calculator to compute the total amount you would be able to save with monthly deposits.
Resources
Oct 10, 2021
How Can I Save a Million Dollars?
This calculator tells you how much you need to save each month to accumulate a million dollars.
Additional Products
Checking & Money Market
A checking account that works for you, on your terms.
Credit Cards
Finding a credit card that’s right for you has never been easier. Whether you want to pay down balances faster, maximize your cash back or earn rewards, Forbright has the card for you.
Savings
Our Savings Accounts provide high-yield and the flexibility to support a greener, more sustainable future.
Get Peace of Mind
Secure Your Large Deposits with Forbright
ICS® (IntraFi Cash Service SM) and CDARS® (Certificate of Deposit Account Registry Service®) are smart, secure, and convenient ways for our customers to access multimillion-dollar deposit insurance on large deposits through a network of banks.
