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CD Rates


Lock in a great rate on our 7 Month CD


With competitive rates and the safety of FDIC insurance, our CDs offer you a secure way to earn more on your terms. Want to learn more? Check out our CD FAQs below.


Current Rates for All Terms

*Annual Percentage Yields (APY) are accurate as of 12/13/2024 @ 6:01:16 AM and are subject to change without notice. Fees may reduce earnings. Rates are not effective until the account is opened. A penalty may be imposed for early withdrawal. Accounts are available only to customers with a primary residence in Dollar Bank’s Pennsylvania market.
Dollar Bank reserves the right to set new money minimums for any CD offers at its sole discretion. Currently the following CDs require a minimum new money increase of $25,000 based on the CD owner(s) average daily deposit balances during the past 30 days. Terms: 7, 13, 25, and 49 Months
Account Name Term Minimum Balance APY* Open Now
Bump-up CD 15 months $2,500.00 0.05 % (APY)
CD Ladder 6 months $1,000.00 1.00 % (APY)
CD Ladder 12 months $1,000.00 2.25 % (APY)
CD Ladder 18 months $1,000.00 2.50 % (APY)
CD Ladder 24 months $1,000.00 2.50 % (APY)
CD Ladder 30 months $1,000.00 2.50 % (APY)
CD Ladder 36 months $1,000.00 2.50 % (APY)
CD Ladder 48 months $1,000.00 2.50 % (APY)
CD Ladder 60 months $1,000.00 3.00 % (APY)
CD Ladder 120 months $1,000.00 3.00 % (APY)
Relationship CD 6 months $2,500.00 1.10 % (APY)
Relationship CD 6 months $250,000.01 1.00 % (APY)
Relationship CD 12 months $2,500.00 2.35 % (APY)
Relationship CD 12 months $250,000.01 2.25 % (APY)
Relationship CD 18 months $2,500.00 2.60 % (APY)
Relationship CD 18 months $250,000.01 2.50 % (APY)
Relationship CD 60 months $2,500.00 3.10 % (APY)
Relationship CD 60 months $250,000.01 3.00 % (APY)
Rising Rate CD 12 Months $2,500.00 2.00 % (APY)
Rising Rate CD 1st 90 Days $2,500.00 Interest Rate of 1.00 % (APY)
Rising Rate CD 2nd 90 days $2,500.00 Interest Rate of 1.75 % (APY)
Rising Rate CD 3rd 90 days $2,500.00 Interest Rate of 2.20 % (APY)
Rising Rate CD 4th 90 days $2,500.00 Interest Rate of 3.00 % (APY)
Traditional Term CD 3 months $2,500.00 0.10 % (APY)
Traditional Term CD 6 months $2,500.00 1.00 % (APY)
Traditional Term CD 7 months $2,500.00 0.15 % (APY)
Traditional Term CD 7 months $25,000.00 4.25 % (APY)
Traditional Term CD 7 months $1,000,000.01 0.15 % (APY)
Traditional Term CD 9 months $2,500.00 1.00 % (APY)
Traditional Term CD 12 months $2,500.00 2.25 % (APY)
Traditional Term CD 13 months $2,500.00 0.50 % (APY)
Traditional Term CD 13 months $25,000.00 4.00 % (APY)
Traditional Term CD 13 months $1,000,000.01 0.50 % (APY)
Traditional Term CD 18 months $2,500.00 2.50 % (APY)
Traditional Term CD 24 months $2,500.00 2.50 % (APY)
Traditional Term CD 25 months $2,500.00 0.50 % (APY)
Traditional Term CD 25 months $25,000.00 3.75 % (APY)
Traditional Term CD 25 months $1,000,000.01 0.50 % (APY)
Traditional Term CD 30 months $2,500.00 2.50 % (APY)
Traditional Term CD 36 months $2,500.00 2.50 % (APY)
Traditional Term CD 48 months $2,500.00 2.50 % (APY)
Traditional Term CD 49 months $2,500.00 0.25 % (APY)
Traditional Term CD 60 months $2,500.00 3.00 % (APY)
Traditional Term CD 72 months $2,500.00 3.00 % (APY)
Traditional Term CD 120 months $2,500.00 3.00 % (APY)
Three Month No Penalty CD N/A $2,500.00 0.03 % (APY)
FAQs About Dollar Bank Certificates of Deposit

There is no limit to the number of CDs you can have at any time. You can have multiple certificates of deposit accounts at one bank or at different financial institutions. Our Dollar Bank experts can help you decide whether opening multiple CDs at the same time is a good strategy for your financial goals.

A CD is a term deposit – which means you agree to keep it with the bank for a set amount of time. When your Dollar Bank CD matures, you will have a 7-day grace period to decide what you want to do with your money. You can let your CD renew or move your money into another account or into another CD at the same bank or a different one.

With a variable rate CD, your money is locked up for a fixed period of time (term) and has an interest rate that fluctuates throughout the term. Dollar Bank offers a Bump-Up CD, if interest rates go up you have the choice of bumping up to a higher rate for the remainder of your term. Plus, you can select whether to receive your interest regularly or let it accumulate to earn more interest.

Unlike a savings account, once you open and fund your CD, you generally can’t add money until it reaches the end of its fixed term, which is called the maturity date. When your CD matures, you will have a grace period to decide what you want to do with your money. You can let your CD renew or move your money into another account or into another CD.

We go beyond traditional certificate of deposit accounts to offer a variety of CD options with competitive rates to meet your savings goals. Our selection of CDs offers you a secure way to earn more on your terms.

  • Traditional Term CD - Choose the term and amount.
  • Relationship CD – Earn our exclusive Relationship rate when you also have an Everything Checking account.
  • CD Ladder – A combination of CDs working as one investment to maximize your savings
  • Rising Rate CD – Get a high interest rate and access to your money every 90 days.
  • Bump-Up CD – Lock in today’s rate with the flexibility to bump up to a higher rate later.
  • 3-Month No Penalty CD – A short-term savings option at a high interest rate.

CD interest gets compounded over time just like a regular savings account. This means you will earn interest on your initial deposit and the accrued interest that the CD earns. How much interest you accrue depends on the annual percentage yield (APY). Compounding takes place at regular intervals – such as daily or monthly.

Interest earned on a certificate of deposit is considered taxable by the IRS, regardless of whether the money is received in cash or reinvested.

We’ll send you a notice 30 days before your certificate of deposit matures to remind you of the upcoming maturity date. Once your CD 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.

A parent or guardian can open a CD for a minor child through a joint custodial account and manage the account until the child turns 18.

Learn more about FDIC insurance coverage for this product.