Certificates of Deposit

Even if your goals are far off, the key to reaching them is nearby. Legence Bank CDs provide a wide range of terms to meet a wide range of needs and timeframes. Earn at a fixed rate that's higher than regular savings.

With a timeframe you decide and set rates, CDs provide greater control over savings goals and way more guarantee than other risky investments. Plant your goals in solid ground with a no-surprise CD from Legence Bank.

Summary
  • Fixed interest rates for guaranteed savings
  • Rates higher than regular savings
  • Rates increase with the length of the term
  • Interest accrues daily and is compounded and credited monthly
  • Select the maturity date that works best for you
  • Wide range of terms from 1 month to 5 years
  • May be used as collateral for a loan
  • Subject to penalty for early withdrawal
  • Automatic renewal at the previous rate and term if funds are not withdrawn within 10-day grace period/ 10 days of maturity
  • CDARS available for deposits over $250,000
  • $1,000 minimum deposit to open on terms of one year or less
  • $500 minimum deposit to open on terms of 18 months and above
  • FDIC insured up to $250,000
CDARS

Rather than managing your larger funds through multiple banking relationships, Legence Bank will handle it for you. CDARS provide full FDIC coverage on savings over $250,000 without adding on extra workload. On your end, you'll receive one interest rate, one regular statement, one year-end tax form, and one banking relationship—keeping your life easier.

  • Earn CD-level rates; higher than regular savings or some other investment options
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed by us:
  • You earn one interest rate
  • You receive one regular statement
  • You receive one year-end tax form
  • Community investment; help support lending opportunities in your local community
  • Flexible maturity periods available

To learn more about the easiest, most convenient way to protect your large deposits, contact a Legence Bank customer service representative at (800)360-8044.