Personal Banking

Certificate of Deposit Accounts

We offer a variety of terms of Certificate of Deposit (CD) accounts, from six months to five years. We also offer a special Investment CD. 


CD Rates Massachusetts and Rhode Island

Our CD rates are listed below. For more information about each type of CD, please scroll down and learn about the ways a BankFive CD can simplify your savings.

Rates effective Wednesday, June 28, 2017.

*APY=Annual Percentage Yield. Penalty for early withdrawal. Rate may change at end of term. Fees may reduce earnings. 

Open a CD Today!

 


BankFive CDs

CDs are a great way to earn a competitive rate and not have to think about setting money aside. BankFive CDs are available in 6-month, 1-year, 18-month, 3-year amd 5-year terms.  

Benefits of a BankFive CD:

  • Only a $500 minimum deposit
  • No monthly maintenance fees
  • All BankFive CDs are FDIC Insured for up to $250,000
  • All BankFive CDs are also DIF Insured for over $250,000

*Annual Percentage Yield= APY. Penalty for early withdrawal. Rates may change at end of term. Fees may reduce earnings. Check current CD rates.

Open a CD Today!

 


2 Year Investment CD

A great way to set aside funds without making a special trip to the bank, BankFive's Investment CDs are available in a two-year term. Deposits as little as $10 can be set up to be electronically deducted from a BankFive checking account on a weekly, bi-weekly, or monthly plan. 

 

Our Investment CD offers:

  • Additional deposits can be made at any time with as little as $10!
  • Automatic electronic deposits via transfers from a BankFive checking account
  • Can schedule deposits on a recurring basis: weekly, bi-weekly, or monthly
  • No monthly maintenance fees
  • All BankFive CDs are FDIC Insured for up to $250,000
  • All BankFive CDs are also DIF Insured for over $250,000 

*Annual Percentage Yield= APY. Penalty for early withdrawal. Rate may change at end of term. Fees may reduce earnings. Check current CD rates.

Open an Investment CD Today!