Certificates of Deposit

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Certificates of Deposit

CDs are a great choice if you have a time specific savings need or if you just want to diversify overall portfolio risk. The consumer has the decision of how much to invest in the CD as well as the term length.

So whether, you are building assets for retirement or looking for a low risk way to diversify your investment portfolio, find the right savings solution at Sullivan Bank.

Term

Interest Rate

APY*

Minimum Opening Balance

Available as IRA

3 Months

0.25

0.25

$1,000

6 Months

0.25

0.25

$1,000

1 Year

0.50

0.50

$1,000

18 Months

0.50

0.50

$1,000

2 Years

0.50

0.50

$1,000

3 Years

0.50

0.50

$1,000

4 Years

0.50

0.50

$1,000

5 Years

3.50

3.55

$1,000

7 Months Special

5.40

5.51

$1,000

13 Months Special

4.91

5.00

$1,000

*Annual Percentage Yield (APY) is accurate as of December 26, 2023.  $1000 minimum balance required to earn stated APY. Penalty may be imposed for early withdrawal, which will reduce earnings on the account. Interest compounded and credited quarterly.

 

 

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