In today’s fast-paced world, time is of the essence. That is why at Banterra, we offer certificates of deposit (CDs) that can be opened in just a few minutes. 

What Is A CD?

A CD is a type of savings account that allows you to earn a higher interest rate than other savings accounts by locking in your rate for the entire term of the certificate. Terms range in length from 30 days to four years. It is important to note that funds cannot be withdrawn early from the account without penalty.

Why Choose Banterra’s CDs? 

We are proud to offer a variety of CDs that vary in term length, deposit requirements, and additional benefits. This gives our customers the flexibility to choose what focused saving strategy works best for their needs. Our CDs are available for both personal and business customers, providing a secure way to grow your savings.   Additionally, for deposits of more than $250,000, Banterra offers CDARS, a product through IntraFi® Network Deposits, that provides FDIC insurance by working with bank network, directly through Banterra.1

Key Features Of Our CDs 

  • Term Length: Our CDs have terms ranging from 30 days to four years. 
  • Minimum Deposit: You can open a CD with a minimum deposit of $1,000. 
  • Interest Payment Options: Interest may be credited, compounded, or transferred monthly, quarterly, semi-annually, or annually depending on the CD term you select. 
  • Penalty-Free Withdrawal: Our 15-month Freedom CD allows one penalty-free withdrawal during the term (balance cannot fall below $10,000). 
  • Rate Bump-Up: Our 48-month Bump-Up CD allows you to request a rate increase to the current stated rate for the product once during the term. No bump allowed 30-days prior to CD maturity.

How To Open A CD Account

Opening a CD account with Banterra Bank is as easy as clicking the “Apply Now” button on our website. Our online application process is straightforward and can be completed in minutes. To open a CD, we offer five CDs which require only a $1,000 minimum deposit. Additional information on our term lengths and deposit requirements are listed on our CDs and IRAs page.

If you prefer to talk to a Banterra team member in-person, you can also visit our nearest branch to open your CD. Find the most convenient location for you by clicking here.

At Banterra, we understand the importance of saving for the future. Our CDs offer a simple and effective way to grow your savings over time. Why wait? Start your journey towards financial growth today by opening a CD with Banterra.

1Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi, CDARS, One Bank One Rate One Statement are registered trademarks, and the IntraFi logo and IntraFi hexagon are service marks, of IntraFi Network LLC.