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Certificates of Deposit (CDs)

You have unique savings goals and time horizons. Select from a variety of terms and rates to meet your ever-changing needs.

See your earnings grow.

Deposit funds and earn more with our 3-month term CD at 5.22% Annual Percentage Yield (APY).1*

Convenient Automatic Renewal

CDs will automatically renew for the same period selected, with a grace period of up to 10 days.

 

Money Is Safe & Secure

Funds are insured up to the maximum amount allowed by the FDIC.

 

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) 5.22% 5.10%
5 months liquid 4.07% 4.00%
6 months (180 to 269 days) 4.07% 4.00%
9 months (270 to 364 days) 3.56% 3.50%
11 months 4.07% 4.00%
12 to 23 months 3.04% 3.00%
24 to 35 months 2.53% 2.50%
36 to 47 months 2.02% 2.00%
48 to 59 months 1.76% 1.75%
60 months or more 1.51% 1.50%
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FAQs

Certificate of Deposit accounts are FDIC-insured, low-risk savings accounts, which earn interest at a higher rate than standard personal savings accounts. In return for the higher interest rate, you agree to keep your money in the bank for a set period of time.

CDs are payable at the expiration of a specified term, no less than seven calendar days after the date of deposit.

No deposits to or withdrawals of principal from the CD may be made prior to maturity, unless otherwise specified in writing.

We may permit the withdrawal of funds held in a CD before maturity, but we are not required to do so. If we permit the withdrawal of such funds, we may assess an early withdrawal penalty, which will be equal to or more than the minimum early withdrawal penalty required by law, if any.

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 posted 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.

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.

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¹ The interest rate and associated Annual Percentage Yield ("APY") are accurate as of 

11/30/2023

, 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.

Online and Mobile Banking Service Agreement

Non-Deposit Investment Products: • Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value