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Certificates of Deposit (CDs)

Grow your savings confidently with a certificate of deposit (CD) that offers a fixed interest rate and competitive returns, giving you peace of mind that’s often hard to find with traditional savings accounts.

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    CD Options for Your Financial Goals

    Looking for a secure way to grow your savings? Forward Bank’s Certificates of Deposit (CDs) offer flexible terms, competitive rate tiers based on your balance, and automatic renewal for hassle-free saving. Whether you’re planning for the short or long term, our CDs provide a safe and steady way to earn interest. Explore your options and check rates today—open online in minutes!

    Short-Term CDs

    Our short-term savings certificates offer term lengths of 3-9 months and a fixed interest rate, offering a quick and secure way to grow your funds while keeping your money accessible in the near future.

    Interest rates for Certificates of Deposit.
    AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
    Account6 Month CDMinimum to Open$500Interest Rate0.65APY**0.65Minimum to Earn APY**$500
    Account6 Month CDMinimum to Open$500Interest Rate0.70APY**0.70Minimum to Earn APY**$10,000
    Account6 Month CDMinimum to Open$500Interest Rate0.75APY**0.75Minimum to Earn APY**$25,000
    Account9 Month CDMinimum to Open$5,000Interest Rate 3.94APY**4.00Minimum to Earn APY**$5,000

    *Rates could change after account is opened. Rates are subject to change without advance notice.
    **APY=Annual Percentage Yield. APY assumes interest is added to account.

    Term Certificates of Deposit and IRA’s may be subject to early withdrawal penalty.

    Medium-Term CDs

    With term lengths of 1-2 years, our medium-term CDs offer competitive rates and a fixed interest rate, providing higher yields than shorter-term options. Also available in both IRA Fixed and Roth, these CDs are perfect for steady, reliable growth.

    Interest rates for Certificates of Deposit.
    AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
    Account1 Year CDMinimum to Open$500Interest Rate1.05APY**1.05Minimum to Earn APY**$500
    Account1 Year CDMinimum to Open$500Interest Rate1.10APY**1.10Minimum to Earn APY** $10,000
    Account1 Year CDMinimum to Open$500Interest Rate1.15APY**1.15Minimum to Earn APY**$25,000
    Account2 Year CDMinimum to Open$500Interest Rate1.30APY**1.31Minimum to Earn APY**$500
    Account2 Year CDMinimum to Open$500Interest Rate1.35APY**1.36Minimum to Earn APY**$10,000
    Account2 Year CDMinimum to Open$500Interest Rate1.40APY**1.41Minimum to Earn APY**$25,000

    *Rates could change after account is opened. Rates are subject to change without advance notice.
    **APY=Annual Percentage Yield. APY assumes interest is added to account.

    Term Certificates of Deposit and IRA’s may be subject to early withdrawal penalty.

    Long-Term CDs

    Maximize your earnings with our long-term CDs, offering term lengths of 3-5 years and a fixed interest rate. These CDs provide top-tier competitive rates, making them ideal for those looking to maximize returns over time. IRA Fixed and Roth options also available.

    Interest rates for Certificates of Deposit.
    AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
    Account3 Year CDMinimum to Open$500Interest Rate1.55APY**1.56Minimum to Earn APY**$500
    Account3 Year CDMinimum to Open$500Interest Rate1.60APY**1.61Minimum to Earn APY**$10,000
    Account3 Year CDMinimum to Open$500Interest Rate1.65APY**1.66Minimum to Earn APY**$25,000
    Account4 Year CDMinimum to Open$500Interest Rate1.80APY**1.81Minimum to Earn APY**$500
    Account4 Year CDMinimum to Open$500Interest Rate1.85APY**1.86Minimum to Earn APY**$10,000
    Account4 Year CDMinimum to Open$500Interest Rate1.90APY**1.91Minimum to Earn APY**$25,000
    Account5 Year CDMinimum to Open$500Interest Rate2.05APY**2.06Minimum to Earn APY**$500
    Account5 Year CDMinimum to Open$500Interest Rate2.10APY**2.12Minimum to Earn APY**$10,000
    Account5 Year CDMinimum to Open$500Interest Rate 2.15APY**2.17Minimum to Earn APY**$25,000

    *Rates could change after account is opened. Rates are subject to change without advance notice.
    **APY=Annual Percentage Yield. APY assumes interest is added to account.

    Term Certificates of Deposit and IRA’s may be subject to early withdrawal penalty.

    Unique CDs

    Enjoy flexibility and control with our unique CD that lets you add funds anytime during the term, bump up your rate once per term, and withdraw without penalty when needed. It’s the perfect way to grow your savings on your terms while staying adaptable to your financial needs.

    Interest rates for Certificates of Deposit.
    AccountMinimum to OpenInterest RateAPY**Minimum to Earn APY**
    Account3D-CD (19 Month)*Minimum to Open$5,000Interest Rate3.44APY**3.48Minimum to Earn APY**$500
    Account3D-CD (19 Month)*Minimum to Open$5,000Interest Rate3.55APY**3.59Minimum to Earn APY**$25,000
    Account3D-CD (30 Month)*Minimum to Open$1,000Interest Rate1.50APY**1.51Minimum to Earn APY**$500
    Account3D-CD (30 Month)*Minimum to Open$1,000Interest Rate1.55APY**1.56Minimum to Earn APY**$25,000
    Account3D-CD (40 Month)*Minimum to Open$1,000Interest Rate1.60APY**1.61Minimum to Earn APY**$500
    Account3D-CD (40 Month)*Minimum to Open$1,000Interest Rate1.65APY**1.66Minimum to Earn APY**$5,000

    *Rates could change after account is opened. Rates are subject to change without advance notice.
    **APY=Annual Percentage Yield. APY assumes interest is added to account.

    Term Certificates of Deposit and IRA’s may be subject to early withdrawal penalty.

    Start Growing Your Savings Today

    Certificate of Deposits

    Frequently Asked Questions

    Explore answers to some of the most common questions about certificate of deposits.

    Insurance and Investment products are *Not FDIC Insured *No Bank Guarantee *May Lose Value *Not Insured by Any Federal Government Agency *Not a Deposit