Certificates Of Deposit (CDs)

WesternBank offers a full range of CD options, all yielding greater returns on your investment dollar. From short term to long term, we have a CD and a great rate perfect for you.

Account Highlights

  • Varied maturity terms from 3 months to 5 years

  • Fixed interest rates based on term and deposit amount

  • CD accounts are automatically renewable upon maturity

  • Minimum deposit of $10,000 to open account

Individual Retirement Accounts (IRAs)

A WesternBank Individual Retirement account enables you to build a nest egg for your retirement.

There are a number of available account options

  • Traditional CD

  • ROTH CD

  • Education CD

IRA Certificates of Deposit (CDs) Highlights

  • 12-month and 24-month terms available

  • $10,000 minimum deposit to open account

  • IRA CDs are automatically renewable

Important Information

  1. Consult your tax advisor regarding tax deductibility

  2. IRA CD interest rates are tiered based on the balance amount

A penalty will be imposed for early withdrawal on any certificate

CDARS Program

Our CDARS program is a way for you to keep your large deposits safe. With CDARS, you can receive up to $50 million in FDIC protection through WesternBank. CDARS can be a valuable cash management or longer-term investment tool for you or your business. It's a great solution for individuals, businesses, nonprofit organizations, public funds managers, trustees, financial advisors, and IRAs. When you place a large amount with us, we place your funds into certificates of deposit issued by other banks in the network. These deposits are placed in increments of less than $250,000 - so that both your principal and interest are eligible for complete FDIC protection. 

  • Safety - Your money can receive up to $50 million in FDIC insurance coverage. Your confidential account information remains protected.

  • Convenience - You work directly with us. You earn one interest rate and one regular statement. Individual investors receive one year-end tax form.

  • Community Investment - The full value of your money supports lending opportunities in your local community.

  • CD-Level Rates - Your money earns CD-level returns, which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.