Certificate of Deposits
High Rate Certificate of Deposits (CDs) combine a guaranteed rate of return for your deposit with the safety and security of FDIC insurance.
TotalDirectBank is able to offer higher rates on your CDs by lowering our costs.
With terms ranging from 3 to 60 months, you can select the best combination of high rate and length of commitment to match your specific savings goals.
Your TotalDirectBank CD provides:
- Guaranteed return
- Automatic Renewal
- FDIC insurance up to the maximum allowable
A $25,000 minimum deposit is required to open an account and in order to earn the advertised APY. The maximum amount allowed per client is $1,000,000.
TotalDirectBank can conduct business anywhere in the US with the exception of Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands and US Virgin Islands. A valid state issued ID or U.S. passport is required to open an account.
Please note: There is a seven business day hold on funds availability the first time you initiate a deposit from an external account to your TotalDirectBank account via Automated Clearing House (ACH). This is designed to help protect you from potentially fraudulent activities. During this seven business day period, we’ll verify the transaction and ensure that the funds are available and legitimate before releasing them into your account. After the initial deposit, future ACH deposits from the same external account will not be subject to this hold period, and the funds will be available on the day we receive the deposit.