Effective as of November 30, 2023
All rates and terms for certificates of deposit & individual retirement accounts (IRAs)
|TERM||Online Application||$1,000-$24,999.99 APY*||$25,000 & OVER APY*|
|6 months||Open Online||1.56%||1.66%|
|15 months Access** (CD only)||1.81%||$10,000 min to open (new money)|
|24 months||Open Online||1.91%||2.02%|
|48 months||Open Online||2.17%||2.27%|
|60 months||Open Online||2.22%||2.32%|
Variable Rate Individual Retirement Accounts
|18 month Variable***||1.87%||1.97%|
Current rates apply to new CDs and renewals at maturity only.
*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.
**The Access CD offers a guaranteed annual percentage yield with the flexibility of penalty free withdrawals. Withdrawals made during the 6 days after opening or 6 days after each subsequent withdrawal will be assessed a penalty, which may reduce earnings. Requires $10,000 minimum to open
***Variable Rate IRA rate is subject to change after the account is opened. No minimum balance required to open account or obtain APY.
Open a CD Online
Available terms to open online:
• 6-month, 1.56% APY
• 12-month, 5.25% APY
• 24-month, 1.91% APY
• 48-month, 2.17% APY
• 60-month, 2.22% APY
All APYs above apply to balances between $1,000–$24,999.99. A $1,000 minimum opening deposit is required. You will need to know your funding account’s login credentials to complete the online transfer through Plaid.
Make large cash deposits quickly and confidentially
If you have more than $250,000 to invest and you want it insured under the FDIC, CDARS (the Certificate of Deposit Account Registry Service) can help.
- Make a large deposit quickly and confidentially through UBT
- Enjoy full FDIC insurance, up to $30 million
- Work directly with UBT as your one trusted contact for your savings
Frequently Asked Questions
We will send a maturity notice by mail two weeks prior to maturity.
The grace period on a Certificate of Deposit is the maturity date plus 10 calendar days.
CDs offer a few advantages.
- CDs typically pay a higher interest rate than other FDIC insured deposit products. Usually, the higher the rate, the longer the term.
- Your returns are guaranteed. You will know exactly how much money you will earn by the time the CD matures.
- CDs also have the security of being FDIC-insured up to the maximum limits.
7-90 day CD - All interest is lost
3-9 month CD - 92 days' worth of interest is lost
10-60 month CD - 182 days' worth of interest is lost
Yes, you can have interest direct deposited into your checking account or reinvested into your current CD
Interest is applied to Certificates of Deposit quarterly and at maturity.
Need more help?
Contact a personal banker near you
Important Information About Procedures For Opening A New Account—
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you; we may also ask to see your driver’s license or other identifying documents.