Certificates of Deposit
Lock in a rate and let it grow
Choose a term from 6 to 60 months, lock in your rate, and know exactly what you will earn at maturity.
Up to 4.50% APY
Our 12-month CD is our most popular term.
Terms that fit
Six terms from 6 months to 5 years.
$500 to open
A low minimum so anyone can start.
Automatic renewal
Renews at the current rate unless you tell us otherwise.
Rates as of September 28, 2026
CD rates
| Product | Term | Minimum | Interest rate | APY |
|---|---|---|---|---|
| Certificate of Deposit | 6 months | $500 | 4.21% | 4.30% |
| Certificate of Deposit | 12 months | $500 | 4.40% | 4.50% |
| Certificate of Deposit | 18 months | $500 | 4.26% | 4.35% |
| Certificate of Deposit | 24 months | $500 | 4.07% | 4.15% |
| Certificate of Deposit | 36 months | $500 | 3.88% | 3.95% |
| Certificate of Deposit | 60 months | $500 | 3.74% | 3.80% |
Rates shown are illustrative figures for a fictional bank and are not offers of credit or deposit products.
How it works
Three simple steps
- 01
Pick a term
Compare terms on the rates page or with our savings calculator.
- 02
Fund the CD
Move funds from checking or savings.
- 03
Collect at maturity
We remind you 30 days before maturity.
Questions
Frequently asked
Can't find your answer? Our Menard team is happy to help.
Is there an early withdrawal penalty?+
A real bank would disclose its penalty here. Our fictional schedule is 90 days of interest for terms under 12 months and 180 days for longer terms.
Can I add money to a CD?+
No. Open an additional CD instead, which also lets you build a CD ladder.
Ready to bank with neighbors?
Open demo checking and savings in about five minutes. No real money required.