Claremont Savings Bank - We're with you

Certificates of Deposit

Claremont Savings Bank offers several choices of times and interest rates on Certificates of Deposits (CDs) which also can be used for Individual Retirement Accounts. Special CD rates are available from time to time. Check current rates.

CDARS - One Bank, One Rate, One Statement

CDARS is one of our newest services and is the most convenient way to secure multi-million dollar FDIC insurance on your CD investments. You can access full insurance working with just our bank. You sign one agreement, earn one rate, and receive one regular account statement.

For more information, contact one of our customer care representatives. at 542-7711 or toll-free at 1-800-992-0316. We'd love to discuss how CDARS can work for you.
 

Two-Year Enhanced CD, with “Bump-Up” Options

Claremont Savings Bank is pleased to announce a new CD choice.  It’s the Two-Year Enhanced CD with a Bump-Up Options.  What does that mean?

With a $5,000 or higher beginning balance, a customer opens a two-year CD.   If interest rates should rise during that two-year period, the customer has one opportunity to contact the Bank and request a “bump-up” of the rate to the then current 2-year rate.  This “bump-up” does not extend the maturity date.

Also available is the option to “bump-up” the face amount of the CD with an additional $5,000 or more addition to principal. This addition can only be done when the rate “bump-up” is invoked.

This is a wonderful opportunity to invest your money now and have the option of increasing the rate should interest rate rise…the best of both worlds! To open a Two-Year Enhanced CD, please contact the Customer Care Department at 542-7711 or your customer service representative.

 

Enjoy the added flexibility of three- and six-month CDs

A customer can add to a 3-month or 6-month CD in increments of $500.00 or more at any time during the life of a CD. That means while your CD is in place, you can add to your existing CD at the great rate instead of creating another account to keep track of. You can take advantage of getting a better return than simply leaving it in a savings account waiting for the CD to mature.

• Penalty for early withdrawal may be imposed.
• The Annual Percentage Yield shown is accurate for the first date of the period shown. Please call any office to obtain the current APY.
• Fees could reduce earnings on the account.
• FDIC insured.

Rates and programs are subject to change without notice.