Certificates of Deposit (CDs)
CDs are secure investment vehicles that offer a guaranteed return. Progress Bank offers both fixed-rate and flexible certificates of deposit.
- Terms of 7 days to 60 months
- Rate remains unchanged for the entire term
- Term of 36 months
- Allows one withdrawal per year (not to exceed 1/3 of original principal)
- One rate bump request (extends maturity)
- One additional deposit of at least $5,000 per year