Exchange Bank Certificates of Deposit — Guaranteed Rates, Zero Market Risk
Exchange Bank CDs lock in your APY from day one. Choose a term from 3 months to 5 years, deposit as little as $500, and let your money earn a predictable, guaranteed return with full FDIC insurance on every dollar.
Exchange Bank offers six standard CD terms: 3-month (0.50% APY), 6-month (0.80% APY), 12-month (1.15% APY), 24-month (1.35% APY), 36-month (1.50% APY), and 60-month (1.70% APY). Minimum deposit is $500 for standard CDs; jumbo CDs require $100,000 and earn a premium rate. Early withdrawal penalties apply. All CDs auto-renew at maturity unless instructed otherwise. FDIC insured up to $250,000. For guidance on CD strategies, the Consumer Financial Protection Bureau offers resources at consumerfinance.gov. Call (800) 397-3962 to open a CD or discuss a ladder strategy.
Current CD Rates
Exchange Bank CD Terms, APY, and Penalties
All rates are fixed for the full term. Interest compounds daily and is credited monthly or at maturity depending on term length. Early withdrawal penalties are assessed against earned interest before touching principal.
| Term | APY | Min. Deposit | Early Withdrawal Penalty | Interest Payment |
|---|---|---|---|---|
| 3 Months | 0.50% APY | $500 | 90 days interest | At maturity |
| 6 Months | 0.80% APY | $500 | 90 days interest | At maturity |
| 12 Months | 1.15% APY | $500 | 90 days interest | Monthly or at maturity |
| 24 Months | 1.35% APY | $500 | 180 days interest | Monthly or at maturity |
| 36 Months | 1.50% APY | $500 | 180 days interest | Monthly or at maturity |
| 60 Months | 1.70% APY | $500 | 180 days interest | Monthly or at maturity |
APY = Annual Percentage Yield. Rates fixed for the full CD term. Jumbo CDs ($100,000+) earn a premium rate — contact (800) 397-3962 for current jumbo rates. FDIC insured. See CD disclosure for full terms.
Choosing Your Term
Short, Medium, or Long — Matching CD Terms to Your Goals
The right CD term depends on when you expect to need the funds and how confident you are that rates will stay flat or fall. Getting this match right means maximum return with minimum penalty risk.
Short-term CDs (3 and 6 months) work well when you have a near-term goal — a vacation, a down payment on a car, a home repair fund — or when you expect interest rates to rise and want the flexibility to reinvest soon at a higher rate. The 0.50% and 0.80% APY are meaningful improvements over a basic savings account for money you can leave untouched for a few months.
The 12-month CD at 1.15% APY is the most popular term for first-time CD buyers. It balances a meaningfully higher rate than savings with a term short enough that funds are not tied up for long. The 12-month term is also the cornerstone of many CD ladder strategies — see the FAQ below for how that works.
Longer terms (24, 36, and 60 months) reward commitment. The 60-month CD at 1.70% APY delivers the highest guaranteed return in the lineup. It makes sense for money you are confident you will not need for five years — a college fund buffer, a pre-retirement savings pool, or a portion of an inheritance you want protected from market volatility.
For customers with $100,000 or more to commit, Exchange Bank Jumbo CDs offer a premium rate above the standard tiers for the same terms. Call (800) 397-3962 for current jumbo pricing. The Consumer Financial Protection Bureau offers an objective overview of CD mechanics at consumerfinance.gov.
Strategy
Building a CD Ladder with Exchange Bank
A CD ladder is one of the most practical fixed-income strategies available to everyday savers. It solves two problems at once: earning higher rates and maintaining regular access to portions of your savings.
Here is a simple example. Say you have $10,000 to save. Rather than putting the full amount in a single 12-month CD, you divide it into five $2,000 CDs across the 3-month, 6-month, 12-month, 24-month, and 36-month terms. Every few months, one CD matures. You either use the funds if needed or roll the proceeds into the longest available term — in this case, a new 36-month CD.
Over time, the ladder provides a CD maturing at regular intervals while the long-end CDs capture better rates. If rates rise, maturing short-term CDs reinvest at higher yields. If rates fall, the long-term CDs continue paying their locked-in rate. It is a hedge against both scenarios.
Exchange Bank's six available CD terms (3-month through 60-month) give you enough rungs to build a meaningful ladder. Pair this with a high-yield savings account for truly liquid funds and a money market account for semi-liquid needs, and you have a complete savings structure across multiple time horizons.
FAQ
Exchange Bank CDs — Questions Answered
Common questions about early withdrawal penalties, CD ladders, IRA CDs, auto-renewal, and jumbo CDs.
What happens if I withdraw from my Exchange Bank CD early?
Withdrawing funds from an Exchange Bank CD before its maturity date triggers an early withdrawal penalty: 90 days of interest for terms up to 12 months, and 180 days of interest for terms of 13 months or longer. In cases where the CD has not earned enough interest to cover the penalty, the difference is deducted from principal. Only withdraw early if the cost of the penalty is less than the benefit of accessing the funds.
What is a CD ladder and how do I build one with Exchange Bank?
A CD ladder spreads funds across multiple CDs with staggered maturity dates. Dividing $10,000 equally across a 3-month, 6-month, 12-month, 24-month, and 36-month CD means one CD matures every few months. As each matures, you reinvest into the longest term to maintain the ladder. This strategy balances liquidity with higher long-term rates. Call (800) 397-3962 to set up a CD ladder with an Exchange Bank banker.
Can I hold an Exchange Bank CD inside an IRA?
Yes. Exchange Bank offers IRA CDs — certificates of deposit held within a Traditional or Roth IRA. IRA CDs carry the same terms and APY as standard CDs but benefit from tax-advantaged treatment. IRS contribution limits, withdrawal rules, and required minimum distributions apply. Contact Exchange Bank at (800) 397-3962 to discuss IRA CD options and annual contribution limits for your situation.
What happens at Exchange Bank CD maturity — does it auto-renew?
Yes. Exchange Bank CDs automatically renew at maturity for the same term at the then-current interest rate, unless you provide instructions before the end of the grace period. You will receive a maturity notice approximately 30 days before the CD matures. A 10-calendar-day grace period follows maturity — during that window you may withdraw funds, change the term, or add additional principal without incurring an early withdrawal penalty.
What is a jumbo CD at Exchange Bank?
Exchange Bank Jumbo CDs require a minimum deposit of $100,000 and earn a premium APY above the standard CD rate for the same term. They follow the same early withdrawal penalties and auto-renewal rules as standard CDs. Note that FDIC insurance applies up to $250,000 per depositor per ownership category — deposits above that threshold in a single ownership category are not federally insured. For customers with large balances, splitting funds across ownership categories or accounts can maximize coverage.
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