Business CDs

Save for long term success and earn higher interest than a traditional savings account with a First Federal CD.

Compare CD Options

 Short-Term CDLong-Term CD
Length of Deposit 32 to 364 days 1 to 5 years
Minimum Opening Deposit $500 $100
Annual Percentage Yield (APY)

Check Rates

Check Rates

Fixed Rates x x
Set-Up Fees None None
Additional Deposits Allowed


$500 or more at any time

Early Withdrawal Penalty1


Short Term: 30 day interest penalty


Long Term: 180 day interest penalty

1An early withdrawal will not be imposed following the death of an account holder or after an account holder is determined to be legally incompetent.

Certificate of Deposit Account Registry® (CDARS)

A convenient and easy way to access multimillion dollar FDIC Insurance on CD investments. You sign one agreement with First Federal, earn one interest rate and receive one regular statement.

How CDARS® Work

Everything is handled through First Federal, a CDARS® Network member. When you place a large deposit with First Federal, First Federal uses the CDARS® service to place your funds into CDs issued by other members of the CDARS® Network.

This occurs in increments below the standard FDIC insurance maximum ($250,000) so that both principal and interest are eligible for FDIC insurance. By working directly with just one institution, you can receive insurance coverage from many. And, you receive just one regular, consolidated account statement.

Visit your local branch to open an account

Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS® and Certification of Deposit Account Registry Service® are service marks of Promontory Interfinancial Network, LLC. The CDARS® service has been designed to satisfy the FDIC’s requirements for pass-through deposit insurance coverage.

Business Loan Solutions

Ready to expand? Our commercial lending team will assist you in finding the perfect business loan, from construction to real estate and lines of credit.

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