CDs

CDs & IRAs

Let us help your nest egg grow by earning more interest with one of our certificates of deposit or individual retirement accounts.

Guarantee CD

A one year maturity term with a variable rate. When you open your CD, you will receive an interest rate that is your "guaranteed rate". During the one year term, your money will earn at least this rate of interest.

And the rate automatically increases each calendar quarter if the bank's posted Guaranteed CD interest rate increases.

  • 12 month maturity term
  • Variable interest rate
  • $500 minimum opening balance
  • Additional deposits are not allowed until maturity
  • Initial interest rate is the "guaranteed" rate and the rate will increase if the posted Guarantee CD rate is higher than the initial rate at calendar quarter on day 30.
  • Penalty for early withdrawal

Boost Your Bucks CD

A certificate of deposit that gives you two important benefits... the ability to increase your interest rate during the two year term and being able to make additional deposits without extending the maturity date. Instead of having multiple CDs, this account allows you to consolidate your savings and take advantage of increasing interest rates at the same time.

  • 24 month maturity term
  • Variable interest rate
  • $500 minimum opening balance
  • One time interest rate increase (to current Boost Your Bucks CD rate) any time prior to maturity by customer request
  • Unlimited number of deposits are allowed, up to $100,000 additional to your opening balance, in $100 minimum increments
  • Penalty for early withdrawal

Century Select CD

A premium package of benefits tied into a single certificate of deposit. Not one, but two opportunities to increase your interest rate during the thirty month term. Plus the ability to make additional deposits without changing the original terms of the CD. And, if you find you need money before your CD matures, you can withdraw up to one-half of your money without penalty, provided the funds have been on deposit for at least 7 days.

  • 30 month maturity term
  • Variable interest rate
  • $10,000 minimum opening balance
  • Two interest rate increases (to current Century Select CD rate) any time prior to maturity by customer request
  • Unlimited number of deposits are allowed, not to exceed a total CD balance of $90,000, in minimum increments of $500
  • One time withdrawal up to 50% of the principal CD value may be made without penalty provided the funds have been on deposit for a minimum of seven days.
  • Penalty for early withdrawal

IRAs

Century Bank offers various terms and competitive rates on Individual Retirement Accounts. Ask a Banking Professional today the best way for you to continue or begin saving for retirement.

  • Minimum opening balance of $500
  • Available without a service fee
  • Yearly account statement
  • Penalty for early withdrawal