Certificates of Deposit (CD)*

If you are looking for a safe investment that offers you great rates and a variety of terms, look at opening a bankHometown CD.

Are you looking for a higher interest rate than you can earn with a traditional savings account? You might want to consider a certificate of deposit, or CD. We offer fixed rate CDs in pre-specified terms of

  • 7 day, 3, 6 and 9 months
  • 12 months
  • 15, 18, 24, 30, 36 and 48 months
  • 60 months

* All certificates of deposit are subject to a penalty for early withdrawal

Certificate of Deposit (CD)

Interest Fixed for a term. Higher interest than a traditional savings account. May receive interest in the form of a monthly check. Interest posted on the last business day of the month.
Monthly maintenance fee None
Terms Passbook CDs must have passbook to conduct transactions at a bankHometown branch during regular business hours
Collateral May be used as collateral to earn a lower interest on a secured loan.
Certificate of Deposit (CD) with 7 day, 3, 6, and 9-Month Terms
Opening deposit $1,000.00
Minimum balance to earn interest $0.01
Withdrawals 7-day interest penalty for early withdrawal
Certificate of Deposit (CD) with 12-Month Terms
Opening deposit $1,000.00
Minimum balance to earn interest $0.01
Withdrawals 3-month interest penalty for early withdrawal.
Certificate of Deposit (CD) with 15, 18, 24, 30, 36, and 48-Month Terms
Opening deposit $1,000.00
Minimum balance to earn interest $0.01
Withdrawals 6-month interest penalty for early withdrawal.
Certificate of Deposit (CD) with 60-Month Term
Opening deposit $1,000.00
Minimum balance to earn interest $0.01
Withdrawals 1 year interest penalty for early withdrawal

**Note: Only 12-month CDs may be opened online.

You must live within one of the Counties listed in the online application (generally, 50 miles of a Hometown Bank branch office) to open an account online.