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.

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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:
    • California, Nevada and Hawaii: $2,500
    • New York, New Jersey and Illinois: $1,000
  • 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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Option Rate Certificate of Deposits²,³

Lock in a fixed rate with the flexibility to choose the term that fits your future.

 

  • Minimum Opening Deposit:
    • California, Nevada, New York, New Jersey and Hawaii: $2,500
    • Illinois: $1,000
  • Terms: 24 month, 36 months or 48 months
  • Interest Features: Fixed rate¹. 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:
    • California, Nevada, and Hawaii: $2,500
    • New York, New Jersey, and Illinois: $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 Deposits²

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 withdrawals⁴.
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1 Interest will be compounded and credited to the account monthly. Early withdrawal penalties and fees may reduce earnings on the account.

2 For a 7-29 day term, the penalty is accrued interest, or 7 days’ simple interest, whichever is greater. For 30-day to 1 year term, the early withdrawal penalty is 30 days’ simple interest. For terms over 1 year, the early withdrawal penalty is 90 days’ simple interest. For an automatically renewing certificate of deposit account, the grace period is 10 days after the maturity date to withdraw funds without penalty.

3 Option Rate Certificate of Deposit allows a one-time annual percentage yield adjustment during the initial term by either option:

  • Option 1: Increase the annual percentage yield, keep maturity date.
  • Option 2: Increase the annual percentage yield, extend maturity date, and add additional funds (if desired).

4 For Asset Utilization (AU) Certificate of Deposit 13 month term, the early withdrawal penalty is 13 months’ simple interest. For 25 month, the early withdrawal penalty is 25 months’ simple interest. The CD account does not renew. Your certificate of deposit will mature on the date listed on the disclosure provided at account opening.

Terms and Conditions apply.

Please see our Fee Schedule and TISA disclosures for detail information.

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.

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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.