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    Certificates of Deposit (CDs)

    Saving for something big? Put your hard-earned savings to work for you.

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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

    6-Month CD

    4.50% APY*

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    9-Month CD

    4.50% APY*

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    Looking For a Long-Term CD?

    Product Name

    APY

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    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 23 April, 2025.

    ** 12 Best CD Rates Of April 2025: Up To 4.50% – Forbes Advisor Forbes Advisor. Retrieved April 8, 2025. 

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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.

    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  

    Ready to Get Started?

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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.

    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.

    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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