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Explore Our Competitive Terms & Rates
We offer a variety of CD terms with a competitive certificate of deposit interest rate. There are short and longer savings options and fixed rates of return. Check out our great rates here. Your deposits are FDIC insured.
Certificates of Deposit
Term: Certificates of Deposit | Rate | APY | Minimum Deposit to Open | |
---|---|---|---|---|
90 Day | 3.20% | 3.25% | $250 | |
180 Day (6 months) | 4.16% | 4.25% | $250 | |
1 Year (12 months) | 3.92% | 4.00% | $250 | |
1 1/2 Years (18 Months) | 3.44% | 3.50% | $250 | |
2 Years (24 Months) | 2.96% | 3.00% | $250 | |
3 Years (36 Months) | 2.96% | 3.00% | $250 | |
4 Years (48 Months) | 2.96% | 3.00% | $250 | |
5 Years (60 Months) | 2.96% | 3.00% | $250 |
Fully Insured Deposits at Spring Bank
Spring Bank is an FDIC-insured bank, so you can rest assured that all deposits up to $250,000 are fully covered by the FDIC.
If you wish to make a deposit larger than the FDIC insured amount, we have options for checking, CDs, and money market accounts that can cover multi-million-dollar deposits through the IntraFi network.
Schedule an Appointment
Ready to grow with us? Come in and talk to one of our account managers to see how we can help. You can open a checking account, apply for a loan, open an IRA account and much more. Use the form below to schedule an appointment:
Have any questions? Stop by a branch or call us at (718) 879-5000.