Certificates of Deposit (CD)

*The APY shown is for fixed-rate CDs under $3,000,000. Minimum balance of $10,000 required to open and obtain the advertised APY. The APY assumes interest and principal remain in account until maturity. Penalty for early withdrawal. Not available for Individual Retirement Accounts (IRAs). We reserve the right to decline or limit deposits. Please contact an employee for further information about applicable terms and conditions that may apply.

Call us at 1-888-634-3488, email us or stop in at any one of our locations for more information on this product.

Keep your money working for you. Get a higher a rate of interest with a CD from ProGrowth Bank!
 
With a Certificate of Deposit from ProGrowth Bank you can achieve higher interest rates than a traditional savings account by agreeing to deposit funds for a predetermined amount of time. Find the CD that’s right for your business at ProGrowth Bank.

ProGrowth Bank Certificate of Deposit features and benefits include:

• CD Terms Available: 182 Days to 60 Months
• Minimum Opening Deposit: $1,000
• Early Withdrawal Penalty: May Apply

Interest

• Interest compounded and credited annually on most CDs.
• Interest paid during the term of an account can be withdrawn before maturity if you make arrangements with us for periodic payments of interest in lieu of crediting.
• The annual percentage yield (APY) is based on the assumption that interest will remain in the account until maturity. A withdrawal of interest will reduce earnings.
• Interest is calculated using the daily balance method, which applies a daily periodic rate to the principal in the account each day.

Fees and rates

• No service fees or sales charges.
• Rates

Security

• Your funds are insured up to the maximum extent allowed by law. You generally will earn more than you would in other types of savings accounts. You pay no sales charges or broker fees. Once you are locked into a CD, whatever happens in the economy, including interest rate drops, will not affect you.