Increase your earnings with zero risk and no stocks to watch. With a CD, you get greater returns than with a regular savings account, and your money is safely stashed away until you really need it. Plus, our competitive rates are locked and funds are federally insured, so you can rest easy while you reach your short-term savings goals.
- Fixed rates, higher than regular savings
- Receive higher rates by selecting a longer term
- Provides more guarantee than other risky investments
- Set aside for future savings goals
- A wide range of terms available (from 6 months to 5 years)
- No setup or maintenance fees
- Early withdrawals subject to penalty*
- Renews automatically upon maturity after 10 day grace period
- $1,000 minimum deposit to open
What is the minimum deposit to open a CD?
$1,000. That's all it takes to get started.
What terms are available?
We offer a range of terms from 6 months to 5 years. The right term depends on your goal — call us or stop in and we'll help you figure out what fits.
What happens when my CD matures?
You'll have a 10-day grace period to withdraw your funds, renew at the current rate, or change your term. We'll notify you ahead of time so you're not caught off guard.
Can I add more money to my CD after I open it?
Standard CDs are fixed at your original deposit. If you want more flexibility to add money over time, our Money Market Account or Kasasa Saver might be a better fit.
What's the early withdrawal penalty?
- 6 months' interest for terms of 1 year or less
- 12 months' interest for terms over 1 year
Worth picking a term you're comfortable with. We're happy to talk through your options.
Are CDs at Harvest Bank FDIC insured?
Yes. All deposit accounts at Harvest Bank — including CDs — are FDIC-insured up to $250,000 per depositor per ownership category.
Can a business open a CD?
Yes. We offer Business CDs for operations of all kinds, including farms and agricultural businesses.
Can I open a CD inside an IRA?
Yes — that's called a CD IRA. It combines the fixed, guaranteed returns of a CD with the tax advantages* of an Individual Retirement Account. Ask us about it.
*We don't provide tax advice; consult your tax professional
See also: FDIC Insurance Disclosure | FDIC’s Electronic Deposit Insurance Estimator (EDIE)| Rates
*Early withdrawals may result in the following penalties:
- 6 months interest forfeited for maturities of 1 year or less
- 12 months interest forfeited for maturities over 1 year
