Competitive CD Rates and Offers

A CD is a secure way to grow your savings with a higher interest rate than a regular savings account. At TowneBank, a personal banker can assist you in choosing the right CD that matches your financial goals.

Get Started  Find a Local Banker

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD). Just enter a few pieces of information and the tool will calculate your annual percentage yield (APY) and ending balance.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

CD Account FAQs

  • CD options include a variety of terms and rates to meet different savings goals. To find the right one, it's important to consider your financial goals. For example, if you need access to your deposit, a liquid or no-penalty CD that allows a one-time withdrawal would be a great option. If you're planning for longer-term savings, a traditional CD may be a better option. It's important to get a complete understanding of everything that is available and we recommend talking to a local banker near you to determine which CD works best.
    • Your rate is locked in and guaranteed for the length of the term.
    • View your CD through online banking at any time.
    • Short and long-term options are available.
    • The funds you invest are FDIC-insured up to the maximum allowable limits.
  • About one month before your CD reaches maturity, we will send you a notice to remind you of this important date. At that time, you'll have a specific grace period to renew or make any of the following changes:
    • Change the term
    • Make additional deposits
    • Make withdrawals (as long as the CD meets the minimum balance requirements)
    • Close the CD If no changes are requested, the CD will renew automatically at maturity. 
    If no changes are requested, the CD will renew automatically at maturity. Interest earned during the grace period will not be paid if you withdraw your funds and do not reinvest your CD.
  • A CD is a timed-deposit account that usually pays a fixed interest rate for a set period of time, ranging from days to several years. The period of time is referred to as the 'term' of the CD. When you deposit your money into a CD, you lock in your initial deposit principal and interest rate until the end of the term - also called your 'maturity date.'

    The interest compounds daily and is generally deposited into the CD quarterly. You may elect to have interest payments made to you monthly, quarterly, semi-annually, annually, or at the maturity date by depositing interest into a checking account, savings account, or paid to you via check. Your election options may vary depending upon the CD term and balance.
  • If you hear the term 'traditional CD account' it simply means a standard CD account with a fixed term and fixed interest rate. If you'd like to open a CD account with TowneBank, please contact one of our local offices or submit a contact form and we'll reach out to you to help you get started.


Want more information? We're here to help!

Let us know what you'd like to know more about and a time that works best for you to connect.

You will not be added to any distribution lists by providing your email.
We use your zip code to match your request with a local banker in your area.
Help us to provide you with exquisite service and include any additional information about what you're looking for.



Consult with your tax advisor to determine how CDs should be reported.