CDs Cumberland Security Bank

Financial Growth, Plant on pile coins with cityscape background

Lock in a higher interest rate with a CD and watch your money grow

These accounts are ideal for large fund deposits that you will not need access to for a few months. Choose from a variety of short and medium term maturity options.

Enjoy the following benefits with all Cumberland Security Bank certificates of deposit:

Earn a fixed interest rate on your balance
Online Banking
Mobile Banking

Additional Account Details:

$1,000 minimum deposit to open
Terms range from three (3) months to sixty (60) months
Interest details:
- Simple interest calculation¹
- Interest is credited to the account or paid to you according to the terms of the CD
- Interest is computed using the Daily Balance²
- The interest rate on your account will be paid until the maturity of your certificate.
No additional deposits may be made into your CD after it has been opened.
The annual percentage yield (APY) assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Withdrawals made before the maturity date may result in the following penalties:

CD Term	Penalty
<12 Months	6 months' interest
12+ Months	12 months' interest

¹Interest calculation is either simple or compound. Simple interest is interest paid only on the original balance. Compound interest is interest paid on the original balance plus the accrued interest.

²The Daily Balance is determined by the application of a daily periodic rate to the principal in the account each day.

CD Rates

Term	APY*	Rate
3 months	0.40%	0.40%
5 months	3.92%	3.85%
6 months	2.02%	2.00%
12 months	3.30%	3.25%
24 months	1.51%	1.50%
36 months	0.50%	0.50%
48 months	0.50%	0.50%
60 months	0.50%	0.50%

Rates current as of November 8, 2024.

Rates subject to change without notice.

*Annual Percentage Yield. The APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.

Minimum Balance Requirement: A minimum deposit of $1,000.00 is required to open the account, and you must maintain a minimum balance of $1,000.00 on a daily basis to earn the APY.