Certificates of Deposit (CDs)
Open a Personal CD
CDs are available to businesses and individuals in amounts of $1000 or more. Ask any Resource Bank employee for our current rates.
Terms for CDs:
| 1 week |
early withdrawal penalty of 7 days interest |
30-day |
early withdrawal penalty of 7 days interest |
| 3 month |
early withdrawal penalty of 30 days interest |
| 6 month |
early withdrawal penalty of 30 days interest |
| 9 month |
early withdrawal penalty of 60 days interest |
| 1 year* |
early withdrawal penalty of 90 days interest |
| 18 month* |
early withdrawal penalty of 90 days interest |
| 24 month* |
early withdrawal penalty of 90 days interest |
| 3 year* |
early withdrawal penalty of 180 days interest |
| 4 year* |
early withdrawal penalty of 180 days interest |
| 5 year* |
early withdrawal penalty of 180 days interest |
* All CDs with a term of 1 year to 3 year maturities are allowed one step-up. The 4 Year and 5 Year CDs can step up the rate two times during the term.
CDARS® – the Certificate of Deposit Account Registry Service®
With CDARS, you can invest up to $50 million and still be eligible for FDIC insurance on every dollar. Using CDARS, we will place your funds with multiple FDIC-insured institutions. You can enjoy the simplicity of working with just one bank and still have the benefits of full coverage.
Frequently Asked Questions
Terms for CDARS:
| 4-week CD |
28 days of simple interest withdrawal penalty |
| 13-week CD |
90 days of simple interest withdrawal penalty |
| 26-week CD |
90 days of simple interest withdrawal penalty |
| 52-week CD |
180 days of simple interest withdrawal penalty |
| 2-year CD |
360 days of simple interest withdrawal penalty |
| 3-year CD |
540 days of simple interest withdrawal penalty |
| 5-year CD |
900 days of simple interest withdrawal penalty |
How does CDARS work?
Through a sophisticated computer network, Resource Bank places customer deposits with other FDIC-insured banks, allowing customers to manage all their funds through one portfolio at Resource.
We are 1 of 2,150 banks offering this unique product. CDARS allows us to satisfy customer demand for safety and convenience. In effect, a risk free investment, it is a new, smart option to help customers manage their money. Contact your Resource relationship banker or your local branch to learn more.
