What Is A CD?
A CD* or Certificate of Deposit is a type of savings where a sum of money accumulates interest over a set of time. A CD is different from a regular savings account in that money typically cannot be withdrawn before the set time without incurring penalties. The penalties and rules for withdrawing and depositing depend on the type of CD. The Bank of the Rockies offers several types of CDs.
As a benefit, our Certificates of Deposit include an automatic renewal at maturity with a 10-day grace period, and most can be opened for as little as $500.
Fixed Rate CD
We offer fixed rate CDs with terms ranging from 91 days to 60 months to help you achieve your short-term savings goal.
Flexible Term CD
Our Flexible Term CDs allow you to start saving and take advantage of terms that work best for you. Flexible terms let you customize based on your current needs. Our CDs have fixed interest rates and terms ranging between 91 to 365 days and 12 to 60 months. Additionally, there is an automatic renewal with a 10-day grace period.
*A seven day pre-withdrawal notice right is reserved. Early withdrawal penalty may apply.