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Save for a house with a CD

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Home Purchase CD

Your first step to a new home: Cover your down payment and closing costs.


  • Establish your own savings goal
  • Start saving today with as little as $100
  • No-penalty withdrawal for your home purchase1
  • Additional deposits of at least $25 allowed at any time2


  • Convenient automatic renewal at maturity
  • Ten calendar day grace period after the maturity date to change the length of the term or withdraw funds without being charged a penalty3
  • Security of FDIC insurance
  • Manage your accounts 24/7 from virtually anywhere, with free online and mobile banking

Account opening and maintenance:

  • Maximum account balance of $100,000
  • 24-month term
  • $100 minimum opening deposit
  • No monthly service fee
  • No additional charge for paper or electronic statements

Other Accounts:

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Custom CD

Competitive interest rates guaranteed for the term of your CD

Flexible terms from 30 days to 60 months

Security of FDIC insurance

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Set Your Own Goal CD

Establish your own savings goal

Low minimum opening deposit of $100

Funds may be withdrawn without penalty upon attaining your savings goal

Additional deposits of at least $25 allowed at any time

Older Black couple on a tennis court with racket

Individual Retirement Account (IRA) CD

Competitive interest rates guaranteed for the term of your CD

Additional deposits of at least $100 allowed at any time

Get the tax advantages of a traditional or Roth IRA



1. Penalty for Early Withdrawal

If you withdraw any amount of principal before the maturity date, we may impose a simple interest penalty on the amount withdrawn, at the current interest rate being paid on the account. A withdrawal which reduces the account balance below the minimum balance requirement may be considered a withdrawal of the entire account balance and shall be subject to penalty on the entire amount. If your account has not earned enough interest, or if interest has been paid, we will take the difference from the principal amount of the account. A penalty will not be imposed for withdrawals following the death or adjudicated incompetence of any account holder. Penalty is waived when funds are used for earnest money, down payment and/or closing costs for account holder’s home purchase. Verification of purchase required.

2. Additions to Principal 

Additions do not extend the maturity date or change the interest rate being paid on the account. All additions become part of the principal balance and are subject to penalty if withdrawn before the maturity date.

3. Automatic Renewal

Account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw your funds without a penalty. The interest rate and annual percentage yield for any renewal term will be at the current interest rate we are paying at renewal.

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