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Certificates of Deposit

Whether you're saving short-term for a purchase, long-term for retirement, or for anything in between, Gate City Bank Certificates of Deposit (CDs) offer a better way to earn more interest. With a CD your money is safe, secure, and insured.

Features

  • FDIC insured
  • Earn a higher interest rate
  • Choose terms from one to five years
  • Interest is compounded annually

Rates

Certificate of Deposit (CD) Rates

Effective Date: Saturday, October 1, 2022

Certificate of Deposit (CD) Rates

Term*Annual Percentage YieldInterest Rate
1 Year1.30%1.30%
2 Year1.50%1.50%
30 Month1.50%1.50%
3 Year1.65%1.65%
4 Year1.80%1.80%
5 Year1.90%1.90%
* An early withdrawal penalty may apply to the above certificates of deposit and IRA accounts.

Minimum balance required to open account and earn APY is only $1,000 for all Certificates of Deposit (CD's) including the Relationship CD and only $100 for all Individual Retirement Accounts (IRA's).

Relationship Certificate of Deposit and Individual Retirement Account (IRA) Rates

Effective Date: Saturday, October 1, 2022

* An early withdrawal penalty may apply to the above certificates of deposit and IRA accounts.

Minimum balance required to open account and earn APY is only $1,000 for all Certificates of Deposit (CD's) including the Relationship CD and only $100 for all Individual Retirement Accounts (IRA's).