All Cambridgeport Bank Certificate of Deposit accounts are fully insured by the FDIC and the DIF (Deposit Insurance Fund). Our Certificate of Deposits offer many flexible terms and a convenient renewal process. You can lock in a specific dollar amount ($1,000 minimum) with a high interest rate for 3 months minimum, to as long as 5 years. All Certificates can be used to help customers with their loan needs by using the amount in the Certificate of Deposit as security for a Cambridgeport Bank Personal Loan.

CERTIFICATE OF DEPOSIT FEATURES

Flexible terms for variable investment opportunities
Extremely safe investment with a guaranteed rate of interest for a given period     of time
Open or renew your Certificate 7 days a week directly over the phone
Grace period for renewals
Certificates may be used as collateral for rebuilding credit with a     Cambridgeport Bank loan

Important Information

• Withdrawing your principal from a CD at any time before the maturity date will result in penalty. However, a customer can withdraw all or part of their posted interest at any time without incurring a penalty.
• No interest will be paid during the grace period following the maturity date.
• All customers can allow their interest to accumulate in their CD or have it transferred to a Checking or Savings account. Customers with a CD balance of $5,000 or greater can request a monthly interest check.

Interest Rate / Term

• The interest rate is fixed for the term of the CD.
• The interest accrues daily and is compounded monthly on the last day of the month.
• Interest on a CD account will always be calculated to the end of the month, even if the CD balance is shown on a combined statement that cycles on a date other than the 31st of the month.
• Interest checks are cut on the last night of the month, issued the following day and mailed out on the 3rd of the month.

Minimum Balance / Service Charges

• The minimum balance is $1,000.
• If an early withdrawal occurs, the customer will be penalized:

About Us I Internet Banking I Personal Banking I Business Banking I Locations I Employment | Map | I Contact Us