A certificate of deposit (CD) is a great alternative to a traditional savings account and earns higher yields while providing protection against fluctuating interest rates.
Our CDs range in maturity periods from 7 days all the way up to a 10 years. With competitive rates and flexible maturity, you have the ability to augment your savings in a way that makes the most sense for you. And we're always happy to answer any questions you may have.
Certificate of Deposit Account Comparison:
| Minimum Opening Balance |
$500 |
$2,500 |
| Minimum Daily Balance Required to Avoid Monthly Service Charge |
– |
– |
| Monthly Service Charge |
– |
– |
| Deposit Item Fee |
– |
– |
| Withdrawal Fee |
$10 per withdrawal over 1 per month1 |
Penalty for early withdrawal2 |
| Competitive Interest Rate |
Compounded daily–Tiered rates |
Compounded daily |
| Interest Paid on Collected Balances |
At maturity |
Varies |
| Banner Bank-by-Phone |
Free |
Free |
| Banner Online Banking |
Free |
Free |
| Additional Options and Features |
|
- Terms from 7 days to 10 years
|
1Penalty of 7 days interest if withdrawal is made within 6 days of previous withdrawal. 2Early withdrawal penalty varies by term. Consult a Banner Bank Representative for details.