Certificate of Deposit (CDs)

Looking for a virtually risk-free savings option for your business? Open a Certificate of Deposit with First IB! All our CDs are FDIC-insured and offer high-yield interest rates. Start with as little as $1,000, and watch your money grow over time.

Term savings for business.

Term
Interest Rate
Annual Percentage Yield (APY)
Early Withdrawal Penalty
3 Months Open
Interest Rate
0.45%
Annual Percentage Yield (APY)
0.45%
Early Withdrawal Penalty
90 days interest
6 Months Open
Interest Rate
0.70%
Annual Percentage Yield (APY)
0.70%
Early Withdrawal Penalty
180 days interest
12 Months Open
Interest Rate
1.00%
Annual Percentage Yield (APY)
1.00%
Early Withdrawal Penalty
180 days interest
18 Months Open
Interest Rate
1.15%
Annual Percentage Yield (APY)
1.16%
Early Withdrawal Penalty
180 days interest
24 Months Open
Interest Rate
1.30%
Annual Percentage Yield (APY)
1.31%
Early Withdrawal Penalty
360 days interest
36 Months Open
Interest Rate
1.50%
Annual Percentage Yield (APY)
1.51%
Early Withdrawal Penalty
360 days interest
48 Months Open
Interest Rate
1.75%
Annual Percentage Yield (APY)
1.76%
Early Withdrawal Penalty
360 days interest
60 Months Open
Interest Rate
2.15%
Annual Percentage Yield (APY)
2.17%
Early Withdrawal Penalty
360 days interest
For further details, please refer to the Schedule of Fees Common to All Business Accounts. Rates and terms shown above are not applicable to financial institutions. Please call 1-888-873-3424 for current rates and terms offered.

Rates above apply to all balance levels. Rates last updated __DATE__. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. CD and IRA CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal will reduce earnings.

You have the option to use our online banking, mobile banking, and telephone banking systems to get information about your CD. First IB does not issue monthly or annual statements for CD accounts.
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