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Certificate of Deposit

Maximize your savings over a set term

Grow your savings with guaranteed returns through a certificate of deposit (CD) at Wellworth Bank. With a fixed interest rate on your deposit, you can keep your savings working harder so you’re ready for whatever the future holds. 

Succeed in your short-term savings goals

Find competitive CD rates along with our personalized recommendations to help you make the most of your savings.
 
CDs offer higher returns than conventional savings accounts, allowing you to maximize interest earned over a period of a few months to a few years. If you have earmarked funds for a new vehicle, a down payment on a home, or another large purchase, a certificate of deposit can allow you to earn more interest on that money until you’re ready to make your purchase. Because CDs are not set up for immediate access to your funds, they also help you gain some distance from your savings so that you aren’t tempted to spend those funds sooner. 
































CDs at Wellworth Bank

Lock in a fixed interest rate with short- and long-term CD options to help you maximize your savings on your terms.
  • A wide range of CD terms is available to help you achieve your goals. Choose from 7-31 days, 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months.
  • Minimum deposit required to open any term CD - $2,500 .
  • Interest is calculated on daily balance and may be compounded back to CD balance, deposited into another Wellworth Bank account, or received by check.
  • Interest frequency may be monthly, quarterly, or annually, depending on the term. 
  • 10-day grace period at maturity without penalty.
  • No monthly fees. Early withdrawal penalties apply. 

Let’s partner together
to meet your goals

With Wellworth Bank, you’re so much more than an account number. We care about your goals, and we want to help you achieve them.
 
The future is unpredictable. We can help you gain peace of mind knowing that your hard-earned savings will be waiting for you when you need it. Let us help you select the right CD term for your goals so that you can be prepared to take the next step when your CD maturity date comes around.

 

Secure your rate today and see guaranteed returns.









    Have Questions?


    A CD should not replace a traditional savings account. It is not ideal for emergency savings or for routine deposits. It is a good option for growing a set sum over a specific period to achieve short- to mid-range savings goals. 
    Once your CD reaches maturity, you can reinvest CD earnings by renewing your CD or rolling your funds over to a new certificate of deposit. Alternatively, you may withdraw funds to spend on planned expenses, invest, or transfer to a different type of savings account. Once you reach your CD maturity rate, you will have a 10-day grace period to withdraw or deposit funds or make other changes. Otherwise, your CD will be automatically renewed with the same terms. 
    Because CDs have higher interest rates than traditional savings accounts, they offer a secure investment option over a relatively short term. Additionally, they can provide peace of mind knowing that your rate is locked in for the CD term, so you will continue to earn even if market interest rates go down.