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Certificates of Deposit

Certificates of Deposit are the easiest and safest way to save if you do not have an immediate need for excess funds. The rate is guaranteed for a specific period of time, and generally the longer the term, the higher the interest rate earned. You can choose to withdraw your interest, transfer your interest monthly to another Colonial American Bank account, or leave it in the account and allow the interest to compound. Here are the benefits of our CD's:

  • Competitive rates
  • You pick your maturity date: 3 month to 5 year terms
  • Low minimum deposit of $500
  • Interest rate fixed for term of the Certificate
  • Interest compounded daily and posted monthly
  • Interest can be withdrawn or transferred to another CAB account with no penalty, or remain in the account to compound

All Deposits are FDIC insured up to at least $250,000.00.