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Certificates of Deposits (CDs)

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 Investment 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, 7 months, 11 months, 15 months, 1 year, 18 months, 3 years or 5 years; can be opened in-branch or online
  • Our special 2-Year Investment CD is available with a $100 minimum deposit and additional deposits can be made at any time with as little as $10; can be opened in-branch or online
  • Additional term lengths can be opened in-branch
  • No monthly maintenance fees
  • Rates remain fixed for the full term
7 Month CD
Only a $500 minimum deposit to open and earn APY.
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Savings Resources

Learn about our 100% deposit insurance, check current rates, and access handy planning calculators.