Certificate of Deposit
Designed for savers willing to commit to a term with a higher interest rate than a savings account.
- 7 to 89 day term – $10,000 minimum deposit
- 90 day or longer term – $2,500 minimum deposit
- Fixed or variable interest rate options
- Interest credited monthly (penalties assessed for early withdrawal)
Account Type | APY* | Interest Rate |
---|---|---|
7-month CD | 4.08 | 4.00 |
13-month CD | 3.00 | 2.96 |
Rates accurate as of March 17, 2023 and may change at any time. |
To open your new NBM account, please bring the following information to a local branch:
- Social Security number and date of birth for all individuals on the account
- Phone number and email address
- Physical address
- Mailing address if different from physical address
- Debit card or account for funding the initial deposit for your new account
- License or passport for all individuals on the account