Certificates of Deposit
Safely invest your money earning a competitive interest rate with a Farmers National Bank Certificate of Deposit.
Whether you are saving for a dream vacation, buying or building a home, or for those what if moments, open a CD and choose a term that best fits your needs!
- Minimum $500 deposit
- Short and long-term maturities that range from 3 months to 5 years
- Competitive fixed interest rates
- Interest paid quarterly
- Early withdrawals subject to penalty
- CD automatic renews at maturity with the new interest rate and same maturity term so you may continue to earn a higher rate of return
- FDIC insured
Opening a CD is very similar to opening any standard bank deposit account. The difference is that you’re agreeing to leave a lump-sum deposit untouched for a predetermined period of time in exchange for three things.
- The interest rate: Locked rates are a positive thing because they provide a clear and predictable return on your deposit over a specific time period and do not change if the market changes.
- The term: This is the length of time you agree to leave your funds deposited to avoid any penalty. The term ends on the “maturity date,” when your CD has fully matured, and you can then withdraw your funds penalty-free. FNB offers a wide range of terms to fit your financial needs.
- The principal: This is the amount you agree to deposit when you open the CD.
Benefits of Opening a Certificate of Deposit
Unlike most other investments, certificates of deposit are fixed, safe, and federally insured. CD interest rates can often be higher than the rates with standard savings accounts and are generally higher if you’re willing to invest for longer periods. CDs have become a more attractive option for savers who want to earn more than what most savings, checking, or money market accounts pay, but without taking on the risk or volatility of the market.
How Certificates of Deposit Work
A certificate of deposit (CD) allows you to deposit funds for a set period of time in exchange for a fixed interest rate. When opening a CD, you’ll select a term that aligns with your savings goals, make an initial deposit, and earn interest until the CD reaches maturity.
- Certificates of Deposit may pay higher interest rates than the best savings and money market accounts in exchange for leaving the funds on deposit for a fixed period of time.
- CDs are a safer and more conservative investment than stocks and bonds, offering lower opportunity for growth, but with a non-volatile, guaranteed rate of return.
- Although you lock into a term of duration when you open a CD, there are options for exiting early should you encounter an emergency or change of plans.
CD Rates
Rates effective as of 10/15/2026
| Term | Minimum Balance | Interest Rate | APY |
|---|---|---|---|
| 60 Months | $500 | 3.36% | 3.40% |
| 48 Months | $500 | 3.26 % | 3.30% |
| 36 Months | $500 | 3.16% | 3.20% |
| 24 Months | $500 | 3.02% | 3.05% |
| 18 Months | $500 | 2.92% | 2.95% |
| 12 Months | $500 | 3.65% | 3.70% |
| 9 Months (275 days) | $500 | 3.41% | 3.45% |
| 6 Months (182 Days) | $500 | 3.16% | 3.20% |
| 3 Months (91 Days) | $500 | 2.92% | 2.95% |
| * APY = Annual Percentage Yield – Fees may reduce earnings. APY is subject to change without notice. Rates may change after account is open. |
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| Term | Minimum Balance | Interest Rate | APY |
|---|---|---|---|
| 60 Months | $10,000 | 3.46% | 3.50% |
| 48 Months | $10,000 | 3.36% | 3.40% |
| 36 Months | $10,000 | 3.26% | 3.30% |
| 24 Months | $10,000 | 3.11% | 3.15% |
| 18 Months | $10,000 | 3.02% | 3.05% |
| 12 Months | $10,000 | 3.75% | 3.80% |
| 9 Months (275 days) | $10,000 | 3.50% | 3.55% |
| 6 Months (182 Days) | $10,000 | 3.26% | 3.30% |
| 3 Months (91 Days) | $10,000 | 3.02% | 3.05% |
| * APY = Annual Percentage Yield – Fees may reduce earnings. APY is subject to change without notice. Rates may change after account is open. |
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| Term | Minimum Balance | Interest Rate | APY |
|---|---|---|---|
| 60 Months | $100,000 | 3.70% | 3.75% |
| 48 Months | $100,000 | 3.55% | 3.60% |
| 36 Months | $100,000 | 3.46% | 3.50% |
| 24 Months | $100,000 | 3.31% | 3.35% |
| 18 Months | $100,000 | 3.21% | 3.25% |
| 12 Months | $100,000 | 3.94% | 4.00% |
| 9 Months (275 days) | $100,000 | 3.70% | 3.75% |
| 6 Months (182 Days) | $100,000 | 3.46% | 3.50% |
| 3 Months (91 Days) | $100,000 | 3.21% | 3.25% |
| * APY = Annual Percentage Yield – Fees may reduce earnings. APY is subject to change without notice. Rates may change after account is open. |
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Open a Certificate of Deposit at Farmers National Bank
Farmers National Bank is happy to help you with our Certificate of Deposit programs and assist you in selecting the right one to help you meet your financial goal. Stop in one of our three locations or schedule an appointment with us to see how a CD may be the best option for your savings strategy.
Whether you are saving for a future purchase, building an emergency fund strategy, or seeking a fixed-rate savings option, our team can help you compare CD terms and choose the option that best fits your financial goals.
Certificate of Deposit FAQs
Both CDs and savings accounts help you grow your money, but they are designed for different purposes. A savings account provides convenient access to funds while earning interest, making it a good option for emergency savings and shorter-term goals. A Certificate of Deposit typically offers a fixed interest rate in exchange for keeping funds on deposit for a specified term. For customers who do not need immediate access to their funds, a CD can be an effective way to earn a predictable return while working toward future financial goals.