Certificates Of Deposit (CDs)

WesternBank offers a full range of CD options, all yielding greater returns on your investment dollar. From short term to long term, we have a CD and a great rate perfect for you.

Account Highlights

  • Varied maturity terms from 3 months to 5 years

  • Fixed interest rates based on term and deposit amount

  • CD accounts are automatically renewable upon maturity

  • Minimum deposit of $10,000 to open account

Individual Retirement Accounts (IRAs)

A WesternBank Individual Retirement account enables you to build a nest egg for your retirement.

There are a number of available account options

  • Traditional CD

  • ROTH CD

  • Education CD

IRA Savings Account Highlights

  • Minimum deposit of $100 to open account

  • Tiered interest paid on balance

  • Variable interest is compounded and paid monthly

IRA Certificates of Deposit (CDs) Highlights

  • 12-month and 24-month terms available

  • Minimum deposit of $10,000 to open account

  • IRA CDs are automatically renewable

Important Information

  1. Consult your tax advisor regarding tax deductibility

  2. IRA CD interest rates are tiered based on the balance amount

  3. IRA Savings interest rates can be adjusted at the bank’s discretion

A penalty will be imposed for early withdrawal on any certificate.

CDARS Program

Our CDARS program is a way for you to keep your large deposits safe. With CDARS, you can receive up to $50 million in FDIC protection through WesternBank. CDARS can be a valuable cash management or longer-term investment tool for you or your business. It's a great solution for individuals, businesses, nonprofit organizations, public funds managers, trustees, financial advisors, and IRAs. When you place a large amount with us, we place your funds into certificates of deposit issued by other banks in the network. These deposits are placed in increments of less than $250,000 - so that both your principal and interest are eligible for complete FDIC protection. 

  • Safety - Your money can receive up to $50 million in FDIC insurance coverage. Your confidential account information remains protected.

  • Convenience - You work directly with us. You earn one interest rate and one regular statement. Individual investors receive one year-end tax form.

  • Community Investment - The full value of your money supports lending opportunities in your local community.

  • CD-Level Rates - Your money earns CD-level returns, which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.