Get growing
Let a certificate of deposit work for you
A certificate of deposit (CD) with a competitive rate can be the secure route to higher returns.
Savings accounts to help grow your money
Certificate of Deposit
4.25% APY
Lock in for higher rates.
Better rates reward your commitment to saving. Easy to track your earnings online.
Bump-up CD
3.00% APY
Earn with confidence.
A great way to start saving. One time flexibility to request an increase should the rate we offer for this product rise.
No-penalty CD
0.25% APY
Flexible and steady savings.
No early withdrawal penalty if you need to access your money*. Your commitment to save offers you stability with our No-Penalty CD flexibility.
Certificates of deposit
How it works
Let’s say you want to earn as much interest as you can, but you’re not quite sure when you’ll need your cash. A CD account is a great option for you.
Calculate your Certificate of Deposit earnings.
See the difference for yourself. Compare our rates to your current bank’s account and see how much more you can earn with Fairvantage Bank.
FV Bank
4.25% APY
$5000
BOA
0.05% APY
$5000
Chase
0.03% APY
$5000
National Average
2% APY
$5000
Why choose a Fairvantage Savings CD?
- FDIC insured deposits
- No monthly maintenance fee
- Exceptional customer service
- You earn interest on your CD at a fixed rate, no matter what happens with the market.
Have Questions?
Frequently asked questions
Is there an early withdrawal penalty for CDs?
Penalty AmountsTerms of 12 months or less90 days of simple interest at the current rateTerms of more than 12 months but less than 48 months180 days of simple interest at the current rateTerms of 48 months or more365 days of simple interest at the current rateWe assess an early withdrawal penalty if you withdraw funds from the principal balance prior to the maturity date. Certain exceptions may apply.
If you are interested in having more flexible access to your funds, you can consider a CD Ladder strategy or the No-Penalty CD.
Can I withdraw my interest from a CD?
You can withdraw interest paid during your CD’s current term anytime without penalty. You can transfer the interest to a Fairvantage Bank High Yield Savings or Money Market Account or a non-FV Bank account.
Can I make additional deposits to my CD?
While you are not able to add additional funds during the term of the CD, you can add additional funds during the 10-day grace period after the CD maturity date.
Are FV Bank deposit accounts FDIC insured?
FV Bank is a member of the FDIC. Your deposit accounts are insured up to $250,000.00 per ownership category.