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.

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 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