Earn a higher rate on your savings and enjoy the security of FDIC insurance. As your community bank in West Virginia, we’re dedicated to helping you reach your savings goals. Open a CD today by calling us at 304-876-9000, sending us an email, or visit one of our convenient locations in West Virginia or Maryland.
What is a CD?
A Certificate of Deposit is a savings account with a higher-than-average interest rate. In exchange for a better return on your savings, you commit to a certain term length and maturity date (when you can withdrawal funds without penalty).
CD term lengths range from several months to several years, making this type of savings account a great option for short- and medium-term goals. You can grow a portion of your nest egg while maintaining a more liquid savings account in case of emergencies.
Certificate of Deposit Features
- Our CD terms range from 3 months to 60 months
- There is a $500 minimum deposit for all CD accounts
- Check our current CD account interest rates, including CD Specials, here.
- There is a substantial penalty for early withdrawal from your CD.
Certificate of Deposit Benefits
- As with our other savings accounts, CDs are FDIC-insured up to $250,000 per accountholder.
- CDs offer fixed interest rates, allowing you to lock in your high interest CD for the term length.
- The wide range of term lengths gives you flexibility to choose the best term for your needs, supporting both short-term savings goals and longer-term investment strategies.
How to Apply For a CD
Visit one of our convenient locations in Shepherdstown, Martinsburg, Charles Town, Inwood or Sharpsburg. You’ll need to provide basic personal information and a state-issued photo ID. Have questions about our CD account options? Give us a call at 304-876-9000 or send us an email and we’ll be happy to help. Open a new CD account today!
Rates
Secure your financial future with our CD account. Click here for our rates!
Complimentary Services
This one’s on us! Services that are available to you at no charge, courtesy of JSB.
- Online & Mobile Banking
- Online Bill Pay
- Mobile Check Deposit
- 24-Hour Telephone Banking System
- Paperless Statements
- Person-to-Person Transfers
- Notary Services
- Quicken® and QuickBooks® Integration
WHAT IS A CERTIFICATE OF DEPOSIT (CD)?
A Certificate of Deposit (CD) is a type of savings account that offers a fixed interest rate in exchange for leaving your money in the account for a specific term, which is usually a few months to a few years.
HOW DOES A CD DIFFER FROM A SAVINGS ACCOUNT?
A CD offers a higher interest rate than a savings account in exchange for a longer commitment to leaving your money in the account. Savings accounts typically offer lower interest rates and provide more flexible access to your funds.
WHAT ARE THE INTEREST RATES ON CDS OFFERED BY JEFFERSON SECURITY BANK?
The interest rates on CDs offered by Jefferson Security Bank will vary depending on the term length and current market conditions. Visit our rates page for more information.
IS MY MONEY INSURED IF I INVEST IN A CD WITH JEFFERSON SECURITY BANK?
Yes, your money is insured up to $250,000 if you invest in a CD with Jefferson Security Bank through FDIC insurance. For more information, visit the FDIC website.
CAN I WITHDRAW MY MONEY BEFORE THE CD MATURES?
Yes, you can withdraw your money before the CD matures, but you may incur a penalty for early withdrawal. The penalty amount will depend on the specific CD and the terms and conditions outlined by Jefferson Security Bank.
ARE THERE PENALTIES FOR EARLY WITHDRAWL OF A CD?
Yes, there may be penalties for early withdrawal of a CD. The specific penalty amount will depend on the CD and the terms and conditions outlined by Jefferson Security Bank.
WHAT IS THE MINIMUM DEPOSIT REQUIRED TO OPEN A CD WITH JEFFERSON SECURITY BANK?
The minimum deposit required to open a CD with Jefferson Security Bank is $500.00.
CAN I CHOOSE THE TERM LENGTH FOR MY CD?
Yes, you can choose the term length for your CD, subject to the options offered by Jefferson Security Bank. Visit our rates page for available term options.
CAN I ADD MONEY TO MY CD AFTER I HAVE OPENED IT?
The ability to add money to your CD after you have opened it will depend on the specific CD and the terms and conditions outlined by Jefferson Security Bank. Contact the bank for more information.
HOW DO I CALCULATE THE INTEREST I WILL EARN ON MY CD?
The interest you will earn on your CD can be calculated by multiplying the interest rate by the balance of your CD and then dividing by the number of days in the term. Feel free to use our CD Calculator*. Contact Jefferson Security Bank for more information on calculating the interest you will earn on your CD.
*Calculator calculations are for information purposes only. Actual rates, returns, and CD terms and conditions are finalized at account opening accompanied by appropriate disclosures. Contact Jefferson Security Bank for more information on calculating the interest you will earn on your CD.
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