Certificate of Deposit

Save money for a specific term length and earn interest on a fixed rate. View CD Rates

Certificate of Deposit Terms

• Minimum Opening Deposit: $500
  
  
• 10-Day Redemption Grace Period after Maturity: All CDs at SBSU have a grace period of 10 calendar days after maturity during which the owner may redeem it without incurring a withdrawal penalty.
  
  
• Automatic Rollover: CDs that are not redeemed automatically roll to a CD of the same term after the grace period. The interest rate adjusts to the current rate at the time.
  
  
• Direct Transfer of Interest: Transfer your interest payments to an SBSU checking or savings account. This feature is available on all CDs at no charge. Interest transfers match the CD's compounding schedule.
  
  
• Early Withdrawal Penalty: A penalty may apply with an early withdrawal from a CD (see table below). Penalty may affect principal in some cases.
  
  
• FDIC Insurance: Depositors at SBSU are insured by the FDIC up to $250,000 per depositor per ownership category. Talk to our New Account Representatives about ways to multiply FDIC insurance well above $250,000.
  
  
• Interest Accrual: Interest accrues daily but compounds according to the schedule associated with each CD (see table below). "Compounding" means that accrued interest is added to principal. If you close the account before the interest compounds, SBSU pays the accrued interest less any applicable withdrawal penalty.
  
  
• Add on Feature: You may add money at any time to regular and Jumbo CDs with a 12-month term (sports CDs excluded).