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


Heloc as low as 2.99% variable APR for 12 months based on WSJ* Prime

*APY (Annual Percentage Yield) is effective as of January 8, 2020 and is subject to change at any time. Minimum balance required is $10,000. CD 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. APY assumes interest is credited to the account monthly. Withdrawals of interest will reduce earnings. Account is not available for public funds or institutional deposits. A penalty (equal to 90 days of interest) will be imposed if you withdraw any or all of the principal before the maturity date. CD will renew automatically at the rate in effect for Progress Bank 18 month CD at the time of maturity. Limited time offer – ends April 10, 2020.
**1.87% APY (Annual Percentage Yield) is accurate as of January 8, 2020 and is subject to change at any time. Minimum opening deposit $5,000. CD 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. APY assumes interest is credited to the account monthly. Subject to 90 day early withdrawal penalty except that one withdrawal is allowed without penalty during each 12 month period not to exceed 1/3 of original CD principal amount. Withdrawals of interest will reduce earnings. One “rate bump” is allowed at customer request vs. original CD rate – “rate bump” extends CD maturity an additional 36 months from the date of rate increase. Additional deposits will earn the same rate of interest as the original CD principal amount or the “rate bump” rate if this option is exercised. One additional deposit is allowed during each 12 month period of the CD with a $5,000 minimum. The total of all additional deposits cannot exceed the original amount of the CD. CD will not automatically renew at time of maturity. Public funds and institutional accounts do not apply.
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