The longer your term, the more you'll earn.
When you have excess cash you’re looking to save, consider the growth potential of our CDs. We offer a variety of term lengths to fit your unique savings goals, and even offer a special 2 Year Add-On CD that allows you to make additional deposits as often as you’d like! A BankFive CD is an ideal way for our Massachusetts and Rhode Island neighbors to build up savings for specific goals or unexpected costs. And because all of our CDs are covered by both FDIC and DIF insurance, your balances are fully protected, even above the standard FDIC limit of $250,000.
Strengthen your savings:
- Traditional CDs available with a $500 minimum deposit; available in terms of 6 months, 11 months, 15 months, 1 year, 18 months, 3 years or 5 years; can be opened in-branch or online - View Rates
- Our special 2 Year Add-On CD is available with a $100 minimum deposit and additional deposits can be made at any time; can be opened in-branch or online
- For a limited time, we're offering promotional rates on 3 month, 6 month, and 12 month terms
- Additional term lengths can be opened in-branch
- No monthly maintenance fees
- Rates remain fixed for the full term
Jun 24
Simone was excellent to work with!
Simone was excellent to work with! She is professional, knowledgeable and helped me review CD roll over options. The new digital BankFive branch in Warwick is great!
Michelle Guertin
Jun 13
Customer service
Bank Assistant Manager at the Somerset, Ma branch was very helpful in helping me set up a CD and made it a smooth transition.
Susan
Jun 10
Evaluation of Bank 5
The interpersonal skills with me and your representative was excellent
She looks carefully and answered my questions
Pauline
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