High-Yield Returns.
Guaranteed Growth.
We have a term that fits your savings goals.
Open a CD in three simple steps:
1.
Access our secure online application.
1. Access our secure online application.
2.
Enter your information quickly and easily.
2. Enter your information quickly and easily.
3.
Transfer your funds and you’re done.
3. Transfer your funds and you’re done.
Why bank with us?
- Opening an account online is simple and easy.
- Maximize your earnings with competitive interest rates.
- Digital banking tools: Online and mobile banking so you can bank any time, anywhere.
We are here to help.
Call us: 866-549-1406
Email us: CDs@nexbank.com
FAQs
A fixed-rate CD is a financial product that pays a fixed interest rate for a set period of time or term. By depositing your money into a fixed-rate CD, you lock in your interest rate until your CD matures.
You start to earn interest on the business day you make your deposit, or when your deposit is received through electronic transfer, up to your maturity date.
For a 3 month CD, your interest compounds monthly and is paid monthly back to the account.
For a 6 month CD, your interest is paid at maturity back to the account.
For a 12 month CD, your interest compounds quarterly (every 3 months), and is paid quarterly back to the account.
Funds on deposit will be FDIC insured to the legal maximum of $250,000 for each ownership category. For more information, click here.
The penalty for early withdrawal on a 12 month CD is 6 months of interest.
The penalty for early withdrawal on a 3 or 6 month CD is 1 month of interest.
No. Once you open your account and fund your CD, you cannot add funds to the account until the CD matures.
Your CD renews automatically.
These promotional CDs are only available online. To apply, please continue to NexBank's secure online application. If you have questions, call us at 866-549-1406 or email us at CDs@nexbank.com.
High-Yield Promotional CDs
Take advantage of competitive interest rates.
Guaranteed Return
Earn a guaranteed rate of interest for the length of your CD term. Your rate is fixed for the length of your term.3,4
FDIC Insurance
Get the security of an FDIC-insured product, up to the maximum applicable limits.
1. APY—Annual Percentage Yield
2. Promotional Online CD minimum balance is $25,000.00.
| PRODUCT | BALANCES |
|---|---|
| Promotional Online CDs | $25,000.00 - $240,000.00 |
3. Fees could reduce earnings on the account. Early withdrawal penalties may apply. Substantial penalty for early withdrawal.
4. Guaranteed return assumes funds are held through until the end of the CD term. Interest to remain in deposit until maturity.
Interest Rate and APY are effective as of 11/8/2024 and are subject to change at any time without notice. Promotional Online CDs are only available to consumers. Promotional Online CDs: $25,000.00 minimum balance to open an account to earn stated APY. A substantial penalty may be imposed for withdrawals prior to maturity. Funds must be new money; deposits cannot be made from an existing NexBank CD account. Other terms and conditions apply. Other CD terms and interest rates available.
See product terms and conditions for more information.
Member FDIC.
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