Build Your Future With Consistent Growth

Personal Certificate of Deposit

Grow your money securely over time with guaranteed returns when you deposit a fixed amount for a set period.

Personal certificate of deposit

Choose a Personal Certificate of Deposit That’s Right for You

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Time Certificate of Deposits²

Earn confidently with fixed rates and term flexibility.

 

  • Minimum Opening Deposit: $2,500
  • Terms: 7 days or more (vary by region)
  • Interest Features: Fixed rate¹.
    • 7-29 Day:  Interest will be compounded and credited at maturity.
    • 30 Day or more: Interest will be compounded and credited monthly.
  • Interest penalties apply to premature withdrawals.
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Individual Retirement Accounts (IRA)²

Plan for retirement with tax-advantaged savings that compound over time.

 

  • Minimum Opening Deposit: $1,000
  • Terms: 12 months or 18 months
  • Interest Features: Fixed rate¹. Interest will be compounded and credited monthly.
  • Interest penalties apply to premature withdrawals.
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Asset Utilization Certificate of Deposits3

Requirement for Asset Utilization mortgage loan:

 

  • Minimum Opening Deposit: $2,500
  • Terms: 13 months or 25 months
  • Interest Features: Fixed rate¹. Interest will be compounded and credited monthly.
  • Interest penalties apply to premature withdrawals.

    Royal Business Bank Benefits

    Why Choose a Personal Certificate of Deposit?

    A personal certificate of deposit can help you earn more on your money with a fixed rate that fits your financial goals.
    • Flexible Terms
      Choose from flexible term options, starting at just 7 days and extending up to 5 years, depending on your region.
    • Fixed Interest Rate
      Stay on track with predictable returns and fixed rates that won’t shift with the market.
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    Is a Personal Certificate of Deposit Right for You?

    Not sure if a personal certificate of deposit is the right move for your savings? Find out here.

    Personal certificate of deposit for young professionals
    01

    Young Professionals

    Build disciplined savings while earning steady returns, perfect for planning future milestones like a first home or major purchase.

    Personal certificate of deposit for new immigrants
    02

    New Immigrants

    Start your U.S. financial journey with a safe, reliable way to grow your savings while establishing financial stability.

    Personal certificate of deposit for retirees
    03

    Retirees and Pre-Retirees

    Protect your nest egg with predictable, low-risk growth and fixed rates that support your long-term financial peace of mind.

    FAQs About Personal Certificate of Deposit

    Need a Quick Answer?

    Browse our most common questions before reaching out

    A certificate of deposit is a savings option where you set aside money for a set period, anywhere from a few months to a few years, and earn interest at a fixed rate.

    The longer your term, the more you typically earn. It’s a great way to grow your money without the risks of the stock market.

    If you’re looking for a low-risk, reliable way to save, getting a certificate of deposit is a smart choice.

    With us, you’ll get:

    • Competitive interest rates
    • Flexible term options
    • A guaranteed return with no market fluctuation
    • Personalized guidance to help match the CD to your goals

    It’s a great option if you have funds you don’t need right away but want to grow safely.

    You can, but there’s usually a penalty for withdrawing before the term ends. We’ll always walk you through the details before you open your account, so you know what to expect.

    If you think you might need early access to your funds, we can help you explore options that offer more flexibility.

    Yes. Personal certificate of deposits at Royal Business Bank are FDIC insured up to the standard limits, so your savings are protected. Think of it as one of the safest ways to earn interest on your money.

    It depends on your timeline. If you know you won’t need the money for a while, a longer-term certificate of deposit could earn you more interest. If you want access sooner, a shorter term might make more sense.

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