CDs

Certificates of Deposit (CDs)

CDs are secure investment vehicles that offer a guaranteed return. Progress Bank offers a variety of rates and terms, from 7 days to 60 months, with higher rates on longer terms, so you can adapt the features to match your financial goals.

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Fixed-rate CD:

  • Terms of 7 days to 60 months
  • Rate remains unchanged for the entire term

Flexible-Rate CD:

  • Term of 36 months
  • Allows one penalty-free 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

Account Benefits

  • Guaranteed return on your investment
  • Predictable investment choice
  • Ability to renew your CD at the market rate at renewal

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