Certificates of Deposit

Certificates of deposit allow you to maximize your return with some of our highest yields, while enjoying the security of predictable interest earnings with a guaranteed interest rate. CDs are a secure investment, and are protected by FDIC insurance to the maximum amount allowed by law. Shorter term CDs allow you the flexibility of accessing your funds sooner. Longer term CDs typically offer higher yields. Or, you may visit with one of our Personal Bankers who will assist you in developing a layered CD strategy that will give you access to your money at the right times.

Minimum to open: $1,000

Terms available: CD terms are available from 28 days to 5 years. You may select a standard term, or we can customize the term to meet a specific maturity date at your option.

Monthly service charge: None

Interest earning: Yes

Account access: Interest is typically compounded quarterly, but may be set up to be paid to you on a monthly, quarterly, semi-annual, or annual basis without penalty. You can receive your interest as a direct deposit to your Montgomery Bank checking, savings, or money market account, or we can mail a check to you on a regular basis. For maximum earning potential, allow your interest to compound in your CD.

Early Withdrawal Penalty: Early withdrawal of CD principal is subject to an interest penalty ranging from 3 months’ interest to 18 months’ interest based on the original issue term.

Special Services:

  • Enjoy the convenience of receiving all of your CD account information on your monthly bank statement by enrolling in our free Statement Plus service.

  • Receive preferred CD rates as a Montgomery Gold customer.