Certificate of Deposit (CD)
Let's get your money working for you.
When you need to earn as much interest as possible with your money—and can leave it alone in the account—with a CD you’ll be rewarded with a high return on your insured savings with a fixed interest rate for the term.
Best for:
- Earning higher yields
- Savings with unchanging interest rates
- Clients who can leave money in the entire term
With Every Banner Bank Savings Option, you'll get:
With a Certificate of Deposit, you’ll also get:
Competitive Interest Rate
Interest is compounded daily and credited as determined by the account term.
Variable Terms
Choose a term for your CD that’s right for you—from 3 months up to 10 years.♠
High Returns
Certificates of Deposits provide a high return with a fixed interest rate for the term.
No Monthly Charge
Enjoy no monthly service charge for a CD account.
Minimum Opening Balance
Open a CD with a minimum of $2,500.
Sign up for eStatements
Avoid the paper pile-up and keep your financial
information safe and accessible anytime with eStatements.
Automatic Renewal
CD will automatically renew in the same CD term upon maturity, unless otherwise noted.
Flexible Withdrawal Date
You will have up to 10 calendar days from the CD maturity date to withdraw funds without penalty
Bank Anywhere, Anytime
Access your accounts from your desktop, tablet or smartphone with online and mobile banking and Bank-By-Phone.‡
Get the best rate with Banner's Best Checking
As a Banner's Best Checking account owner earn a bonus rate of 0.25% on all CD rates, including our CD specials.
Earn even more with our CD Specials
Lock in a great rate with our current CD Specials. Choose from four offers ranging from 9 to 36 months.
Ladder your CDs to keep cash available
A big consideration when opening a CD is whether the rate you'll earn is worth tying up your money for a longer period of time. CD laddering allows you to have both – a higher rate and easier access to your money.
Let's say you want to invest $40,000 in a 12-month CD. Rather than open one CD and tie up that money for 12 months. instead purchase four $10,000 CDs, either in varying terms (3-month, 6-month and 9-month) or purchase a 12-month $10,000 CD every three months.
By laddering four CDs, a portion of your money becomes available every three months. You can access the maturing portion of your money without penalty or roll it into another CD.
Access the Deposit Account Agreement and Personal Accounts Schedule of Fees.
♠
Early withdrawal penalty varies by term. Consult a Banner Bank Representative for details.
‡
Message and data rates may apply. May require authentication, registration, and/or activation.