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    Maine - Lock in a CD Rate Nearly 2.5x the National Average!

    From Portland to Aroostook County – being in Maine pays off. There’s a new top CD rate in town, so take advantage and watch your savings grow! The best part? You can easily open online from anywhere in Maine!

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    4.50% APY* For 6 and 9-Month CDs Up to $250,000

    Take advantage of a CD rate nearly 2.5x the national average** while it lasts! You can securely grow your savings with no monthly fees.

    Is a Certificate of Deposit Right for You?

    Whether you’re saving for something in the short or mid-term, a Certificate of Deposit account is a great way to put your hard-earned savings to work for you. A CD is an interest-bearing account opened for a specific period of time (often called a term) that earns a fixed income on the amount initially deposited. CDs are a great high-yield savings option because they typically offer higher interest rates than traditional savings accounts. Our CDs are popular options for near-term savings goals because they are fixed rate and FDIC insured.


    Wondering which term is right for you? Consider when you will need access to your funds and pick a term that matures slightly before that date. Based on your savings goals, you can choose a term and rate that works for you!


    Common savings goals that CDs are great for:
    •    Home ownership
    •    Home renovations
    •    Managing income in retirement
    •    Wedding
    •    College
    •    Emergency fund

    Exclusive High-Yield CD Offers in Maine

    6-Month CD

    4.50% APY*

    Open Now

    9-Month CD

    4.50% APY*

    Open Now

    Looking For a Long-Term CD?

    Product Name

    APY

    Open Online

    12-Month CD

    3.75%

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    15-Month CD

    3.65%

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    5-Year CD

    3.50%

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    *Annual Percentage Yield. Minimum balance to open and earn APY is $1,000. Interest rate of 4.45% for 6 Month CD. Interest rate of 4.47% for 9 Month CD. $250,000 maximum deposit. A penalty may be imposed for early withdrawal from a Certificate of Deposit prior to maturity; Fees may reduce earnings. A Leader Bank checking account may be required to obtain listed APY. Rate effective as of 12 April, 2025.

    Start saving now -- it takes less than five minutes to apply online!

    All you need is your SSN and the account & routing number for the bank account you're using to fund your new CD!

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    Flexible

    With multiple CD term options including 6 and 9-months, you can pick a term that offers you the flexibility you need to achieve your financial goals.

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    Secure

    Your rate is locked in when you open your CD so you’ll know exactly how much you’ll save over the term of your account. And with no monthly service fees so you can maximize your savings!

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    Grow Your Savings

    Leader Bank’s CD accounts are a great way to maximize your savings and enjoy returns at a rate nearly 2.5x the national average while it lasts!

    Start Saving

    Hey ME - Reach Your Savings Goals Today.

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    Speak to an Expert

    Our team is ready to help you open an account.

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    Open Online

    Get started right away by opening a CD online.

    Open Now
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    Get Started by Email

    Shoot us an email and one of our expert team members will follow up with next steps to open your account.

    Email Now

    Our CDs are more than just a great rate.

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    Flexible CD Terms

    Choose between 6 and 9-month terms at a rate nearly 2.5x the national average**.

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    Secure Savings

    Leader Bank is an FDIC insured institution and with a fixed rate you can be confident your savings will grow.

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    No Monthly Service Fees

    Leader Bank CD accounts have absolutely no monthly fees attached!

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    Watch Your Savings Soar

    Put your hard-earned savings to work for you with our special CD rate.

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    Frequently Asked Questions

    A Certificate of Deposit or CD account is an interest-bearing account opened for a specific period of time that earns a fixed income on the amount initially deposited. There are no monthly fees attached to Leader Bank Certificate of Deposit accounts, so you are guaranteed a specific amount of return at the account’s maturity date as long as no early withdrawals are made. It’s ideal for building savings with no market risk.

    CDs offer a secure way to earn a fixed return — no hidden fees, no market volatility. It’s a great option if you want low-risk growth and don’t need immediate access to your funds.

    Leader Bank Certificates of Deposit accounts have absolutely no monthly fees attached! However, most Certificate of Deposit accounts have a penalty fee associated with making a withdrawal before the account reaches the end of the term established at opening. For more information about this fee, please contact our Client Services Department at 781-641-8686.

    Yes, most CDs have a minimum opening deposit. At Leader Bank, the minimum deposit to open a CD is $1000.

    Interest rates for Certificate of Deposit accounts depend on the products and rates available at the time you open your account. The rate you receive at the time you open your account is locked in so you’ll be able to calculate your exact return over the specified term for the account. A fixed-rate means if interest rates change after your account is opened, you’ll still receive the rate that was established when you opened your account.

    Simple interest is the interest you earn on the original amount (principal) you deposit. Unlike compound interest, it doesn’t include interest on previously earned interest. CDs typically use simple interest to calculate your earnings over a fixed term.

    Yes. Your deposits are insured up to FDIC limits ($250,000 per depositor, per account type).

    There are three options to get started, call directly at 781-641-8686, email us at depositaccounts@leaderbank. You can open, view, and track your CD via our secure online banking portal or mobile app.

    No, CDs are time-locked deposits. Once you’ve opened a CD with a set amount, additional deposits can’t be made. However, you can always open another CD to continue growing your savings.

    Withdrawing early usually results in an early withdrawal penalty, which could reduce your earned interest or, in some cases, your principal. Always check with your banker about the specific terms of your CD before withdrawing.

    When your CD matures you will have several options for what you can do with the funds. These usually include rolling them into a new CD at then current interest rates, transferring your funds to another account, or withdrawing your funds.

    Ready to start growing your savings?

    Open CD Online Email

    ** 12 Best CD Rates Of January 2025 Forbes Advisor. Retrieved January 30, 2025. 

    Education

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    CD Comparison Calculator

    Calculate how much you could earn and find the CD term that is right for you. Compare potential earnings against other offerings. 

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    How to Build a CD Ladder

    What is a CD ladder strategy? What are the advantages? Our blog covers everything you need to know about CD ladders.

    Read More
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    What is a Certificate of Deposit?

    Read our blog to learn how a Certificate of Deposit differs from savings accounts, the advantages of a CD and how to choose a CD term.

    Read More
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