Certificate of Deposit (CD)

A Certificate of Deposit (CD) at Trust NBA Bank is a secure and reliable way to grow your savings with a guaranteed return. Designed for customers who want to invest their money for a fixed period, our CDs offer competitive interest rates and the peace of mind that comes with knowing your principal is safe.

What is a Certificate of Deposit?

A Certificate of Deposit is a time-bound deposit account where you agree to leave a lump sum of money with the bank for a specified term, ranging from a few months to several years. In return, Trust NBA Bank pays you a fixed interest rate that is typically higher than regular savings accounts. At the end of the term, you receive your original deposit plus the accrued interest.

Why Choose a CD at Trust NBA Bank?

1. Competitive Interest Rates:

Earn higher returns compared to regular savings accounts. Our CDs offer attractive interest rates that help your money grow steadily over time.

2. Safety and Security:

Your principal investment is secure, and our CDs are insured by the appropriate regulatory bodies, giving you confidence in your investment.

3. Flexible Terms:

Choose a term that suits your financial goals, whether short-term or long-term. Terms typically range from 3 months to 5 years.

4. Fixed Returns:

Enjoy predictable earnings with a fixed interest rate that does not change throughout the CD term, regardless of market fluctuations.

5. Easy to Open and Manage:

Opening a CD with Trust NBA Bank is simple, and you can manage your investment through our online banking platform or by visiting any branch.

How Does a Certificate of Deposit Work?

• Deposit Funds: You deposit a lump sum amount into your CD account for a fixed period.

• Earn Interest: Your money earns interest at a fixed rate, compounded as per the terms of the CD.

• Maturity: At the end of the term, your CD matures, and you receive your initial deposit plus the interest earned.

• Renewal Options: You can choose to withdraw your funds or roll over the CD for another term.

Who Should Consider a Certificate of Deposit?

• Individuals looking for a low-risk investment option with guaranteed returns.

• Savers who do not need immediate access to their funds and want to earn more than a regular savings account.

• Those planning for future expenses such as education, home purchase, or retirement.

Important Information

• Early Withdrawal Penalties: Withdrawing funds before the CD matures may result in penalties or forfeiture of interest. Please review the terms carefully before opening a CD.

• Minimum Deposit Requirements: Trust NBA Bank requires a minimum deposit to open a CD. Contact us for current minimum amounts.

• Interest Payment Options: Interest can be paid monthly, quarterly, annually, or at maturity, depending on your preference.

How to Open a Certificate of Deposit at Trust NBA Bank

1. Visit any Trust NBA Bank branch or apply online through our secure website.

2. Choose your preferred term and deposit amount.

3. Provide valid identification and complete the CD application form.

4. Fund your CD account with the initial deposit.

5. Receive confirmation and start earning guaranteed interest on your investment.

At Trust NBA Bank, we are committed to helping you make the most of your savings with products tailored to your financial goals. Open a Certificate of Deposit today and watch your money grow safely and steadily.

For more information or personalized advice, please contact our customer service team or visit your nearest Trust NBA Bank branch.