What Is a Certificate of Deposit?
7 min read
- Overview
- Rates
- Frequently Asked Questions
- Documents & Resources
CD Rates1
| TERM | ANNUAL PERCENTAGE YIELD (APY) | INTEREST RATE |
|---|---|---|
| 7 to 31 days | 0.05% | 0.05% |
| 1 month (32 to 59 days) | 0.05% | 0.05% |
| 2 months (60 to 89 days) | 0.05% | 0.05% |
| 3 months (90 to 179 days) | 3.82% | 3.75% |
| 5 months liquid | 3.61% | 3.55% |
| 6 months (180 to 269 days) | 3.61% | 3.55% |
| 9 months (270 to 364 days) | 3.04% | 3.00% |
| 11 months | 3.56% | 3.50% |
| 12 to 23 months | 2.48% | 2.45% |
| 24 to 35 months | 2.02% | 2.00% |
| 36 to 47 months | 1.66% | 1.65% |
| 48 to 59 months | 1.51% | 1.50% |
| 60 months or more | 1.31% | 1.30% |
FAQs
Additional Account Information
| TERM | MINIMUM OPENING DEPOSIT |
|---|---|
| 7 to 31 days | $10,000 |
| 1 month (32 to 59 days) | $10,000 |
| 2 months (60 to 89 days) | $10,000 |
| 3 months (90 to 179 days) | $10,000 |
| 5 months liquid | $10,000 |
| 6 months (180 to 269 days) | $10,000 |
| 9 months (270 to 364 days) | $10,000 |
| 11 months*† | $10,000*† |
| 12 to 23 months | $2,500 |
| 24 to 35 months | $2,500 |
| 36 to 47 months | $2,500 |
| 48 to 59 months | $2,500 |
| 60 months or more | $2,500 |
- For CDs with a term of seven (7) to 31 days, the penalty is the greater of: (a) seven (7) days’ interest; (b) all interest earned since the most recent issue or renewal date; or (c) all interest which could have been earned during one-half of the maturity period.
- For CDs with a term of 32 to 179 days, the penalty is 30 days’ interest.‡
- For CDs with a term of 180 days to one (1) year, the penalty is 90 days’ interest.
- For CDs with a term of over one (1) year, the penalty is 180 days’ interest.
Each penalty is calculated on the amount withdrawn.
‡The 5-month liquid CD allows for one penalty-free withdrawal. Withdrawals may reduce earnings.
- CA, FL#, NV, MN, DC & VA: 122016066
- GA & TN: 064009445
- NY: 026013958
City National Bank’s SWIFT Code is: CINAUS6L
Click here to read the agreements, fees and disclosures.
Connect with us.
Send us your information and a member of our team
will contact you to get started.
*Required information
Looking for a Business CD?
Earn higher rates and make your money work for you.
Insights & Media
¹ The interest rate and associated Annual Percentage Yield ("APY") are accurate as of
07/02/2025
, are established by City National Bank and may vary as often as daily. CD accounts earn a simple rate of interest compounded only if and when interest is posted to the account. You may choose to have your interest post monthly, quarterly, semiannually or annually. For accounts with a term of less than one (1) year, you may choose to have interest posted at maturity, in which case, interest will not be compounded. The APY assumes interest remains on deposit for the term of the certificate. A penalty may be imposed for early withdrawal. Any withdrawal will reduce earnings.
*$10,000 minimum opening deposit required.
†Qualified funds must be new money deposited from external accounts or payees other than City National Bank or any of its affiliates, including but not limited to City National Securities, Inc., Royal Bank of Canada, RBC Wealth Management, and RBC Bank (Georgia).
#City National Bank does business in Miami and the state of Florida as CN Bank.
Top