When you have at least a few hundred dollars to invest, an Ives Bank CD allows you to lock in a rate that's higher than a standard savings account. And when you leave that money on deposit for the full term, you'll come out farther ahead with money you can use to cover expenses or reinvest.
Diversify your portfolio and grow your savings at a fixed rate.
A safe investment option
Grow your money at a fixed rate
Save for a few months or several years
Guaranteed*, competitive returns
Certificates of Deposit*
Here's the easiest way to start saving more through CDs.
- Open with a minimum of $500
- Choose from a wide range of CD terms, from 3 months to 5 years to meet your needs and goals
Smart Choice Liquid CD**
When you have a significant amount of money to invest and want a quick savings boost, this is a smart choice.
- Open with a minimum of $50,000
- Make deposits and withdrawals anytime** for greater flexibility
- Grows at a competitive, guaranteed rate and matures after 6 months
Effective Date: May 21, 2025
| Certificate of Deposit Account Type | Interest Rate | Annual Percentage Yield | Amount of Time Interest Rate in Effect | Minimum Balance Required to Open | Minimum Balance Required to Earn APY |
|---|---|---|---|---|---|
| 3 Month | 0.10% | 0.10% | Until Maturity | $500 | $500 |
| 6 Month | 3.87% | 4.00% | Until Maturity | $500 | $500 |
| 7 Month | 1.23% | 1.25% | Until Maturity | $500 | $500 |
| 9 Month | 3.87% | 4.00% | Until Maturity | $500 | $500 |
| 12 Month | 1.96% | 2.00% | Until Maturity | $500 | $500 |
| 13 Month | 3.64% | 3.75% | Until Maturity | $500 | $500 |
| 18 Month | 0.40% | 0.40% | Until Maturity | $500 | $500 |
| 2 Year | 0.40% | 0.40% | Until Maturity | $500 | $500 |
| 3 Year | 2.92% | 3.00% | Until Maturity | $500 | $500 |
| 4 Year | 0.60% | 0.61% | Until Maturity | $500 | $500 |
| 5 Year | 0.84% | 0.85% | Until Maturity | $500 | $500 |
| 6 Month Smart Choice Liquid CD | 2.68% | 2.75% | Until Maturity | $50,000 | $50,000 |
Disclaimer
The Interest Rate and Annual percentage Yield is fixed until maturity, unless a withdrawal is made that brings your balance below the minimum balance shown above.
* “Bump Up Option” - The interest rate and APY can be changed once during the term of the CD and the new Interest rate and APY will be in effect until the original maturity date. This product is not available for individual retirement accounts (IRA).
APY assumes that Interest remains on deposit until maturity, a withdrawal will reduce earnings.
Rates are accurate as of the date shown above and are subject to change without notice.
Substantial Penalty for early withdrawal.
Transaction Limitations Apply.
For more information and account disclosure information please click here.
Money management made easy
CD Laddering Tip
By investing in multiple Certificates for varying length of time, and reinvesting your earnings at maturity, you can gain some serious savings in the long run.
Savings solutions that fit your lifestyle
Save for life's to do list, unexpected events, holidays, vacations, and more.
Disclaimers
*
Minimum of $500 is required to open a Certificate of Deposit and earn the advertised Annual Percentage yield. The Interest Rate and APY are fixed for the term of the account. The APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Substantial penalty for early withdrawal. Transaction limitations apply.
**
Minimum of $50,000 required to open and earn the advertised Annual Percentage Yield. Maximum balance is $250,000. The Interest Rate and APY are fixed for the term of the account. The APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Deposits may be made in increments of $1,000 or greater. Principal may be withdrawn in increments of $1,000 or more, however, a withdrawal of funds within seven calendar days of their deposit or within seven calendar days of any prior withdrawal is subject to a penalty. If the withdrawal brings the account below the required minimum balance of $50,000, the account will be closed, and a penalty will be imposed on the required minimum balance. Other early withdrawal penalties may apply. Deposits and withdrawals must be made in person.
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