Certificates of Deposit

Select a product below:

Serious savers will find the Independence Bank Certificate of Deposit options very attractive. This higher-earning, virtually risk-free savings strategy offers a plan for every saver.

Earn a competitive rate and build your savings for the future with a high-yield CD. Select from a short-term or long-term CD, depending on your financial goals. Our certificates of deposit are customized to your needs.


Certificates of Deposit

Whether you’re seeking short-term returns or a long-term investment option, the Certificates of Deposit offered by Independence Bank offer higher earnings than a traditional savings account. Of course, the larger the deposit and the longer the term, the higher yield you’ll enjoy, all with a guaranteed return. With a competitive rate fixed for the term, we can customize your account so you can make the most of your money.

Please see our regional offices or call (888) 414-0500 for our current rates and CD account options.

Monthly Maintenance Fee: None

Minimum to Open: $1,000 to $100,000*

Grace Period: 10 Days (2 days for 7-89 day terms)
 

 


* APY = Annual Percentage Yield.  Rate for Certificate of Deposit is fixed for the term of the account and is based upon the opening deposit amount and term of the CD. A penalty may be imposed for early withdrawal. See Branch for additional information and details.


Liquid CD

For savers seeking the higher returns that Certificates of Deposit offer, but still need the flexibility to access funds and make deposits, the Liquid CD from Independence Bank provides all this, with a minimum term commitment.

This flexible CD allows you to make one withdrawal per month and unlimited deposits, providing you with an excellent interest  rate, while still giving you access to your funds when you need it.

Please see our regional offices or call (888) 414-0500 for our current rates and CD account options.

Monthly Maintenance Fee: None

Minimum to Open: $1,000 to $25,000*

Grace Period: 10 Days
 


* APY = Annual Percentage Yield.  Rate for Certificate of Deposit is fixed for the term of the account and is based upon the opening deposit amount and term of the CD.  If two or more withdrawals are made in one calendar month, a penalty may be assessed.  A penalty may be imposed for early withdrawal.  See Branch for additional information and details.


IRA

An Individual Retirement Account (IRA) with Independence Bank provides savers a long-term savings strategy with the goal of a secure retirement. With an investment of as little as $1,000, you’ll be on your way to enjoying a guaranteed return, while maximizing your potential tax savings.

There are many IRA options to select from. Our banking experts can assist you in customizing a plan right for you.

Please see our regional offices or call (888) 414-0500 for our current rates and IRA account options.

Monthly Maintenance Fee: None

Minimum to Open: $1,000

Grace Period: 10 Days

*Account subject to penalty for withdrawals made prior to maturity date or age 59 1/2.

IRA accounts are subject to the following fees:


* APY = Annual Percentage Yield.  Rate for Certificate of Deposit is fixed for the term of the account and is based upon the opening deposit amount and term of the CD.  A penalty may be imposed for early withdrawal.  See Branch for additional information and details.