Certificates of Deposit - Forte Bank
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Certificates of Deposit

If you’re looking to earn a higher interest rate on your savings, then a certificate of deposit (CD) may be for you! A CD gives you a guaranteed interest rate, typically higher than standard savings accounts, for a specific period of time, ranging from three months to five years. Total deposits are fully insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor.

  Choose the term that best meets your needs!
  • $1,000.00 minimum investment
  • Personal or business CDs available
  • Terms ranging from 3-60 months
  • Early withdrawals subject to penalty
  • If the CD automatically renews at maturity, the rate of interest is subject to change from the original term
  • Interest on CDs compounds quarterly
  • Terms may vary for CD specials

CD Specials

As of April 15, 2022
Forte Bank is offering two CD specials. Consider taking advantage of both to ladder your investment. Investing part of your money in the 15-month CD and part of it in the 28-month CD gives you access to some of your money in a shorter period of time, while also allowing you to take advantage of the highest rate.

15-Month CD Special – 0.55% Annual Percentage Yield (APY)

Requirements:  

  • $1,000 minimum deposit
  • Interest is compounded and credited quarterly
  • Early withdrawals subject to penalty
  • Fees could reduce earnings

28-Month CD Special – 1.00% Annual Percentage Yield (APY)

Requirements:  

  • $10,000 minimum deposit
  • This must be money not previously held by Forte Bank
  • Interest is compounded and credited quarterly
  • Early withdrawals subject to penalty
  • Fees could reduce earnings

Municipal accounts are not eligible for certificate specials.