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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CD Special Information: 0.60% APY* 16 months

*APY (Annual Percentage Yield) is effective as of March 16, 2020 and is subject to change at any time. Minimum balance required is $10,000. CD interest will be calculated on a 365 day basis, compounded daily and paid monthly with a transfer into a Progress Bank checking, savings or money market account or interest can be added to the CD balance each month. APY assumes interest is credited to the account monthly. Withdrawals of interest will reduce earnings. Account is not available for public funds or institutional deposits. A penalty (equal to 90 days of interest) will be imposed if you withdraw any or all of the principal before the maturity date. CD will renew automatically at the rate in effect for Progress Bank 18 month CD at the time of maturity. Limited time offer – ends April 10, 2020.

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