Certificates of Deposit are a popular and safe way to achieve your financial goals. When you invest in an AuburnBank CD, you are placing your money in a community bank whose name has been synonymous with strength and security for over a century.
APY Rate Disclosure
*Annual Percentage Yield (APY) accurate as of December 1, 2025. A $500 minimum balance is required to open each CD. A penalty may be imposed for withdrawals before maturity.
A Certificate of Deposit (CD) is a savings product that allows you to deposit a fixed amount of money for a predetermined period of time while earning interest. Because the funds are committed for the term of the CD and cannot be withdrawn without penalty, CDs typically offer higher interest rates than traditional savings accounts. In general, longer terms correspond to higher rates, making CDs an effective tool for achieving savings goals with funds you do not need immediate access to.
Yes. AuburnBank CD accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to the applicable limits, providing peace of mind and security for your savings.
CDs are designed for individuals with clear short- or long-term financial goals who want to maximize returns on their savings. With competitive interest rates, CDs can help your money grow more efficiently compared to less restrictive savings accounts.
The interest you earn depends on three factors: the amount you deposit, the length of your CD term, and the interest rate offered. To explore specific rate and term options, please contact an AuburnBank representative.
A minimum deposit of $500 is required to open a CD at AuburnBank.
Typically, additional deposits cannot be made into an existing CD. However, you may open additional CDs with different terms to suit your savings strategy.
Early withdrawals are generally subject to an early withdrawal penalty. For this reason, CDs are best suited for funds you can set aside until the maturity date.
