^{*Annual Percentage Yield (APY) effective as of 19 November, 2024. A penalty may be imposed for early withdrawal from a Certificate of Deposit prior to maturity; fees imposed may reduce Annual Percentage Yield. Checking accounts may be required to open CDs, ask a representative.}

Secure Savings

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

No Monthly Service Fees

Leader Bank CD accounts have absolutely no monthly fees attached!

Watch Your Savings Soar

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

Short Term CD vs. Long Term CD

Type	Term	Initial Balance Required	Interest	Charges
Short Term CD	1 - 11 Months	$1,000	Simple interest paid at maturity	Penalty for early withdrawal
Long Term CD	1 - 5 Years	$1,000	Accrues daily; Compounded monthly	Penalty for early withdrawal

Interest payments on long-term CDs may be transferred to another account, left to accumulate in the CD, or sent to you by check monthly
A penalty may be imposed for any withdrawal before maturity
You have the option to borrow against your CD
Collateral loans are written on an on-demand basis with payments of interest only due monthly

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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.

Certificate of Deposit accounts are a safe and effective way to grow your savings. With a fixed rate you’ll know exactly how much you’ll earn at the end of your account term. And if you’re willing to open an account with a longer term, you’ll likely get a higher interest rate.

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 go down after your account is opened, you’ll still receive the higher rate that was established when you opened your account.

Leader Bank Certificates of Deposit accounts have absolutely no monthly fees attached!

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.