Certificate of Deposit
Plan for a specific savings timeline with a Loyal Trust Bank Certificate of Deposit. Choose from short- and longer-term CD options, open with a $1,000 deposit and earn interest while your funds remain on deposit through the selected term.
Choose a Certificate of Deposit Term
Select a term that fits when you expect to need your funds. Before opening a CD, review the current rate, maturity date, renewal terms and early-withdrawal conditions.
Shorter-Term CD Options
Longer-Term CD Options
CD Account Details
- Opening Deposit
- $1,000
- Interest
- Yes
- Early Withdrawal Penalty
- Yes
- Grace Period After Maturity
- 10 days
- Maturity Notice
- Yes
- Automatic Renewal
- Yes
Important: Rates, APYs and account terms are subject to change. An early withdrawal penalty may apply, and fees could reduce earnings. View current rates or contact Loyal Trust Bank for the latest information.
PLAN WITH A SET TERM
A Clear Path From Deposit to Maturity
A certificate of deposit is designed around a defined term. Before opening, decide how long the funds can remain on deposit, review the available rate and understand what will happen when the CD reaches maturity.
Choose a Term
Match the CD term to your savings timeline and when you expect to need access to the deposited funds.
Fund Your CD
Open the certificate of deposit with the required $1,000 opening deposit and confirm the maturity date and account terms.
Prepare for Maturity
Review the maturity notice and decide whether to renew or make a change during the 10-day grace period. Contact our team with questions.
What to Know Before Opening a CD
Review the term, opening deposit, interest structure, withdrawal conditions and maturity instructions before choosing a Loyal Trust Bank Certificate of Deposit.
Multiple Term Options
Choose from CD terms ranging from 6 months to 5 years to match different savings timelines.
$1,000 Opening Deposit
A $1,000 opening deposit is required to open a Loyal Trust Bank Certificate of Deposit.
Interest-Bearing
The account is interest-bearing.
Early Withdrawal Penalty
An early withdrawal penalty applies when funds are withdrawn before the certificate of deposit reaches maturity.
10-Day Grace Period
After maturity, the account includes a 10-day grace period for renewal or other available account instructions.
Maturity Notice & Renewal
A maturity notice is provided, and the certificate of deposit is set to renew automatically.
Related resources: Personal Savings · Current Rates · Understanding FDIC Deposit Insurance
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