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CDs

Certificates of Deposits offer a way for businesses to earn higher interest rates on funds that may not be needed for a period of time.

Standard CDs
  • $1,000 minimum opening balance
  • Terms from 7 days to 5 years
 
12-month Add-On CD
  • Only $100 minimum opening balance
  • Additional deposits may be made with $50 or greater.
 
Jumbo CDs
  • Available for $100,000 or more
  
Rates vary, and may be obtained by calling a TowneBank Hometown Banker.
 
Early withdrawal penalties may apply.



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