Start Saving Smarter
If you’re looking to start saving more aggressively, a Certificate of Deposit (CD) account from Prevail Bank is a great option. CDs offer you the opportunity to earn a better interest rate on your balance based on terms that you select. Rates are traditionally higher than you would earn in a traditional checking or savings account. You can start the process of opening a CD by completing our online inquiry.
What You Should Know About Our CDs
- $1,000 minimum deposit required
- Terms available for 6, 12, 18, 24, 36, 48 and 60 months
- Earnings are paid quarterly and can remain in the CD or transferred to another Prevail Bank deposit account
- Early withdrawals before CD reaches full maturity are subject to penalty and reduced earnings
Multi-Million Dollar Deposit Insurance Coverage Options
Prevail Bank is insured by the Federal Deposit Insurance Corporation (FDIC), which allows us the ability to guarantee the safety of your money within the FDIC guidelines.
If you are wanting to deposit funds over the FDIC limit of $250,000 per entity, we offer Certificate of Deposit Account Registry Service (CDARs) for CD balances and Insured Cash Sweeps (ICS) for Checking and Money Market balances that are in excess of the FDIC limits. Both CDARs and ICS allow depositors to work with Prevail Bank, who then partner with other participating CDARs and ICS Banks. These options make it easy for you by working with just one bank, one rate and one statement with all of your funds information. Learn more about our CDARs and ICS services by visiting the Promontory Interfinancial Network website, by contacting a Prevail Bank Representative, or by watching our video below.
Calculate Your CD’s Value
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