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Certificate of Deposit

Certificates of Deposit (CDs) are deposits similar to savings accounts in that they are insured by the FDIC and are virtually risk-free. They are different from savings accounts in that they have a specific fixed term (often three months, six months, or one to five years) and a fixed interest rate. It is intended that the Certificate of Deposit be held until maturity, at which time the money may be withdrawn together with the accrued interest or renewed for another term.

CNB Certificates of Deposit offer great flexibility with competitive interest rates on a variety of terms to match your savings needs. Interest can be compounded, paid by check, or deposited into your CNB checking or savings account.

  • Minimum balance to open = $500.00
  • Monthly interest on deposits of $5,000.00 or higher
  • Early withdrawal penalty may apply

Our online calculator can help you determine how to increase your savings level. Please visit one of our offices to open your CD account or call one of our offices or the toll-free number 888-322-1088 if you have any questions.