Certificates of Deposit (CDs)

Open an Account View Rates

The longer your term, the more you'll earn.

When you have excess cash you’re looking to save, consider the growth potential of a BankFive CD. With a variety of term lengths to choose from, our CDs are 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
For a limited time, we're offering promotional rates on 3 month and 6 month terms
Additional term lengths can be opened in-branch
No monthly maintenance fees
Rates remain fixed for the full term

Feb 16

Excellent service with personnel

Joseph

Jan 28

The EASE of doing business with the manager and staff. The competitive interest rates offered.

Ann

Dec 31

The woman was kind, efficient, and really helped me! I am also appreciative of the woman in the drive thru who encouraged me to look into a different type of account in order to earn more interest!

Melissa

Nov 12

Everyone at Bank five is always very Professional and knowledgeable. I have always been given great advice! Thank you

Maureen

Nov 12

I have always been grateful for the personal service the Bank is able to provide. I deal with many different banks both local and national. You don't realize what a difference it makes being able to talk to a human. Carla Rollocks was able to get me a better rate. She was personable, knowledgeable and was clearly well versed in navigating the process. I was in and out of the office in less than twenty minutes.

Elliott

Oct 25

Friendly service

Cathy

Oct 16

I was at the South End Branch to open a new CD. The women who helped me was very professional and friendly.

Louise

Oct 07

Love Bank 5! Excellent customer service, always professional, courteous, and kind. 💜🏦💜

Mary A.

Oct 02

I opened up a CD account to get better % on my money and the staff was helpful.

Joan Laskowski

Sep 30

I'm grateful to all the kind workers who have been patient to me since this is all new for me even when I'm asking constant questions or get confused on something they take time to explain it so I understand better and remain patient when I try to get myself organized so thank you to everyone at bank 5

Katherine

Aug 27

Renewing cd’s as walk-ins and got the best reception from Crystal and Liz. We love Bank 5. So personable and still professional. Great rates too.

Patricia Fowle

Aug 20

Working with Gina Smith made the process of opening my CD go smoothly. Gina was very professional and knowledgeable about Bank Five offerings and online banking processes.

Kevin

Jul 13

I love bank 5, all the ladies are great, no matter which branch I go to, they're wonderful

Holly

Jun 24

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

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

The interpersonal skills with me and your representative was excellent She looks carefully and answered my questions

Pauline

Jun 04

Sara Pavao in the Swansea branch made the process of opening a new account with Bank5 very easy. We are returning customers and she was able to update our information and get the new account opened in less than 20 minutes, while being friendly, courteous and informative. We had one small issue with the online backing activation and with 1 phone call to her the following day she had it fixed in minutes. Excellent service and excellent face for Bank5.

Chad R.

May 20

Everyone listened to what I was saying. After our conversation they formulated the solution and resolved the problem! Thank you!! JFL

Joseph

May 15

Great experience, adding a new CD to my account. Assistant manager explained all the details privately to me before we completed the transaction.

Robert

Apr 30

My meeting with Sarah at the Swansea Branch Office was pleasant and very helpful. I appreciated the fact that Sarah had contacted me by phone ahead of time to review options regarding my maturing CDs.

James

Certificates of Deposit (CDs)

The longer your term, the more you'll earn.

Strengthen your savings:

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