Certificate of Deposit (CD’s)

Secure Your Future with a High-Yield Certificate of Deposit

At 1st Colonial Community Bank, we're more than just a bank. We're your financial allies, your Southern New Jersey and Southeastern Pennsylvania community partners, and your guide to savvy saving. We're proud to introduce our Certificates of Deposit (CDs), designed for those who understand the value of their money and seek to maximize their earnings over a fixed term.

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Maximize Your Earnings: The Power of Certificates of Deposit  

A Certificate of Deposit is more than just a safe place for your money. It's a tool that allows you to grow your wealth over a fixed term, whether you're saving for retirement, a dream vacation, or a major purchase. With our CDs, you can enjoy the benefit of a fixed interest rate, the security of FDIC insurance, and the convenience of automatic renewal.

High-Yield Features: Experience the Best in Savings

Our certificates of deposit come with a host of features designed to enhance your savings experience:

• Fixed-term, fixed rate: know exactly what you'll earn and when with our fixed-term, fixed-rate cds.
• Minimum deposit: start your cd with a minimum deposit of $500.
• Daily compounded interest: maximize your earnings with interest that's compounded daily.
• Automatic renewal: enjoy the convenience of automatic renewal at maturity and keep your savings growing.

OPEN A CD

Take the Next Step: Start Saving Smarter Today

Ready to maximize your earnings? open your certificate of deposit online today or reach out to us to set up an appointment at one of our branches in Collingswood, Westville or Limerick, PA. we're excited to help you on your journey to financial security.

*Annual Percentage Yield (APY) accurate as of October 23, 2024. Minimum balance to open the account and obtain the stated APY is $500 with a maximum balance of $250,000. Offer subject to change without notice. A penalty may be applied for early withdrawal.

Frequently Asked Questions About Certificate of Deposit (CD’s)

What is a Certificate of Deposit (CD)?

A CD is a type of savings account that has a fixed interest rate and fixed date of maturity, known as the maturity date.

Are there any penalties for early withdrawal from a CD?

Yes, withdrawing principal from your CD before maturity will result in a penalty. The penalty amount depends on the term of your CD and the timing of the withdrawal.

How is the interest on my CD calculated?

Interest on your CD is compounded daily, which means you earn interest on your interest.

Can I add money to my CD?

No, you cannot make additional deposits into your CD until it reaches maturity.

What happens when my CD matures?

Your CD will automatically renew at maturity. Or you can take the 10-day grace period as an opportunity to consider another of our long-term savings’ products.

OPEN A CD