Certificates of Deposit

Overview

  • Greater interest than savings accounts
  • Terms from 3 months to 5 years
  • Interest can be paid out monthly, quarterly, or added to CD principal
  • Penalty for early withdrawal
  • Risk-free CD option allows early withdrawal
  • $500 minimum to open
  • FDIC insured

We know first hand that things move fast in the business world, so we do our best to help your business earn and save efficiently. With a Certificate of Deposit from First Hope, you can capitalize on your investments without any hassle when you get a locked-rate CD. The best part? It’s risk-free, and your funds are always available to you! Don’t let the worry of locking up funds long-term prevent you from accelerating your bottom line.

Risk-free CDs

With the unpredictability of the business world, we do what we can to eliminate excess risk. That’s why we offer the Risk-free CD. This account lets you make an early withdrawal of up to half your principal without penalty any one time per term. 

Three terms available: 36 months, 48 months, 60 months
$2,500 minimum to open
Open to new money only

Certificates of Deposit

Rates Effective: 9/28/2023

Certificates of Deposit
ProductInterest Rate PaidAnnual Percentage Yield (APY)1
3 Month0.05%0.05%
6 Month0.15%0.15%
12 Month0.15%0.15%
18 Month0.25%0.25%
24 Month0.20%0.20%
30 Month0.40%0.40%
36 Month1.00%1.00%
36 Month Risk-Free 20.95%0.95%
48 Month0.60%0.60%
48 Month Risk-Free 20.55%0.55%
60 Month0.60%0.60%
60 Month Risk-Free 20.55%0.55%

1Fees may reduce earnings. Rates are subject to change without notice. To obtain current information, please call 908-459-4121.
2$2,500 minimum deposit required to open and earn APY. New money only. You may withdraw up to 50% of your total deposit once during the lifetime of the CD, penalty free, except within 6 days after the date deposit. Penalties for each additional withdrawal will be incurred.