RatesCalculator

Get a guaranteed return without doing any work. Just pick a term, lock in the interest rate ("Rate"), and corresponding annual percentage yield ("APY"), and let your Certificate of Deposit ("CD") do the rest.

Details

We are currently offering a variety of special interest rates:

Term Minimum Balance Rate APY
12 Month $500 1.98% 2.00%
12 Month* $1,000 2.23% 2.25%
18 Month $500 2.23% 2.25%
18 Month* $1,000 2.47% 2.50%
24 Month $500 2.47% 2.50%
24 Month* $1,000 2.71% 2.75%
36 Month $500 2.71% 2.75%
36 Month* $1,000 2.96% 3.00%

Why choose a CD?

  • Set aside for future savings goals
  • Competitive, fixed rate for length of term
  • Greater earnings than standard savings
  • Receive higher rates by selecting a longer term**
  • Provides more guarantee than other risky investments
  • A wide range of terms available (from 6 months to 5 years)
  • Penalty for early withdrawal***
  • $500 minimum deposit to open

For all terms and rates please contact your local branch or click the Request Info button.

* 12 | 18 | 24 | 36 Month Certificate of Deposit is for $1,000 minimum and a Bank of Akron lending relationship required.

**Interest compounding:

  • CD terms under 12 months: interest is compounded daily and credited at maturity.
  • CD terms 12 months and over: interest compounded daily and is credited quarterly

***Early withdrawal penalty:

  • Terms 12 months and under: the penalty is 3 months interest
  • All terms over 12 months: the penalty is 6 months interest