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.
Visit CDARS Frequently Asked Questions for detailed info.
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.
