Whether you’re planning for the future, growing your business reserves, or maximizing your hard-earned money, our certificate of deposit accounts are a safe and rewarding way to reach your financial goals.
None
$500 minimum is required to open an account
| Type | Interest Rate | APY 2 | Minimum Balance to Obtain APY |
|---|---|---|---|
| 91 Days | 3.60% | 3.65% | $500.00 |
| 182 Days | 3.60% | 3.63% | $500.00 |
| 9 Months | 3.45% | 3.46% | $500.00 |
| 12 Months | 3.85% | 3.85% | $500.00 |
| 18 Months | 3.45% | 3.46% | $500.00 |
| 24 Months | 3.40% | 3.40% | $500.00 |
| 36 Months | 3.35% | 3.35% | $500.00 |
| 48 Months | 3.45% | 3.45% | $500.00 |
| 60 Months | 3.50% | 3.50% | $500.00 |
CD accounts require a $500 opening balance. Additional account qualifications and requirements may apply. Details on account terms and conditions are available upon request.
1 Other charges may apply to these accounts; see the separate miscellaneous fee schedule.
2 Annual Percentage Yield (APY) listed is an estimate. Actual APY will be based on specific account terms and will be disclosed at account opening. Interest rates and APY may change at our discretion at any time. If you close your account before interest is credited, you will receive the accrued interest. Fees could reduce earnings on your account. The Annual Percentage Yield (APY) is accurate as of 01/26/2026. A withdrawal of interest prior to maturity will reduce earnings. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted. Penalty for early withdrawal may apply. Please refer to your CD for additional terms and conditions that may apply. Interest rates are determined at the sole discretion of Drake Bank and are subject to change.
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