Certificates of Deposit (CDs)

CDs are secure investment vehicles that offer a guaranteed return. Progress Bank offers a variety of rates and terms, from 7 days to 60 months, with higher rates on longer terms, so you can adapt the features to match your financial goals.

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Special Offer




*APY (Annual Percentage Yield) is calculated based on customer’s choice of payment of interest earned. CD Owners must have a new or existing Progress Bank non- interest bearing checking account to receive this promotional rate. Interest will be calculated on a 365 day basis, compounded daily and paid monthly with a transfer into a Progress Bank checking, savings or money market account or interest can be added to the CD balance each month. Minimum to open account is $10,000.Account is not available for public funds or institutional deposits. Penalty for early withdrawal will be 90 days interest on the amount withdrawn. CD will renew automatically at the rate in effect for Progress Bank 18 month CDs at the time of maturity. Limited time offer – ends October 31, 2017.

 

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