You can fund a new CD from an existing Dollar Bank account or transfer funds from a non-Dollar Bank account electronically via ACH or by writing a check.
Lock in a great rate with a 7-Month CD!
Get 4.00% APY on a 7-Month CD!*
Watch your savings grow when you earn interest on your money with a Dollar Bank Certificate of Deposit (CD). For a limited time, you can lock in a guaranteed high interest rate in a safe place for your money to grow with our 7-month CD.
Take advantage of this great offer today! It's easy to open your CD online. You can also schedule an appointment at one of our convenient locations or call 1-800-242-2265 to get started.
Grow your savings with a great CD.
Competitive Rates
Earn a high rate of interest and achieve your savings goals.
Guaranteed Return
Know exactly how much you'll earn when your CD matures.
Safety
Every Dollar Bank CD is backed by the safety of FDIC insurance.
Want to learn more? Check out our CD FAQs below.
Compare the types of CDs we offer.
Not sure which CD is best for your unique savings goals and circumstance? Compare our options and discuss them with your local Dollar Bank expert.
Special offer for CD customers
Earn $300 with Everything Checking and get the best checking account with all the perks!**
- From free access to 55,000 ATMs to earning interest, this account has you covered.
- Get the checking account you deserve when you open an Everything Checking Account at any Dollar Bank office!
- Please provide promo code CM604 at account opening in order to qualify for the $300 offer.
CD FAQs
What happens when my CD matures?
We’ll send you a notice 30 days before your CD matures to remind you of the upcoming maturity date. Once it matures, you have a 7-day grace period to decide whether you would like to renew the CD or add funds to it, move the funds to a different CD or account or withdraw the money. If you do nothing, your CD will automatically renew for the same term at the current interest rate. We’ll send you a renewal letter to verify the new rate and term.
What if I need to withdraw money from my CD before the maturity date?
You can withdraw your balance at any time, but a penalty will be charged if you withdraw the principal before the maturity date. You can withdraw the interest you earn at any time without a penalty.
Learn more about FDIC insurance coverage for this product.
We're here to help 1-800-242-2265
Dollar Bank representatives are available Monday - Friday from 8:00 AM - 8:00 PM and Saturday from 9:00 AM - 3:00 PM.
Email us: customerservice@dollarbank.com
*Annual Percentage Yield (APY) shown is accurate as of 4/18/25 and is subject to change without notice. $25,000 minimum balance. $1,000,000 maximum per customer for CD rate and term. CD must include a minimum new money increase of $25,000 based on the CD owner(s) average daily balances during the past 30 days. A penalty will be imposed for early withdrawal. CD offer is for consumer customers residing in Dollar Bank's PA, VA and MD market areas.
$50 minimum to open account. Everything Checking requires six qualifying posted payments made per month or a $2,500 average monthly checking balance to avoid a $5 monthly service fee. 0.10% Annual Percentage Yield (APY) for Everything Checking. Rate may change after accounts(s) are open. Rate is accurate as of 5/1/25 and is subject to change without notice. For more information on the account fees, see the Account Information Schedule. Fees could reduce earnings. Account opening is subject to approval and accounts are available only to consumers residing in Dollar Bank’s markets.
**To qualify for the offer, an Everything Checking account must be opened by 8/31/25 and promo code must be provided at account opening. Offer is for new checking customers only. Those who had an open checking account within the past 180 days are not considered to be new customers and are not eligible for the offer. Up to $300 is available in one $200 Mastercard debit card rebate and one $100 credit. To receive the $200 Mastercard debit card rebate, the account must receive cumulative direct deposits of $2,500 or more within 90 days of account opening and the account must be in good standing. The $200 Mastercard debit card rebate will be added to the new checking account within 40 days of the qualifying cumulative direct deposits. The $100 credit will be applied within 2 months of the 1-year anniversary of account opening provided the account qualified for the $200 debit card rebate, is active, in good standing and is in a qualifying plan. Maximum amount is $300 per account and one per household. Subject to 1099 tax reporting.
Promo Code: CM604