CDs
Lock in your rate.
Grow your savings.
Choose a CD term that fits your timeline and know exactly what rate you'll earn along the way.
- Current CD rates up to 4.25% APY*
- Terms from 4 to 24 months
- FDIC insured up to applicable limits
*APY = Annual Percentage Yield, Rates effective as of 10/15/2026.
**A penalty may be imposed for early withdrawal.
Interest on certificates with terms of 12 months or less will not be compounded and paid at maturity.
Interest on certificates with terms greater than 12 months will be compounded and credited/paid quarterly.
CDs
Lock in your rate. Grow your savings.
Choose a CD term that fits your timeline and know exactly what rate you'll earn along the way.
- Current CD rates up to 4.25% APY*
- Terms from 4 to 24 months
- FDIC insured up to applicable limit
*APY = Annual Percentage Yield, Rates effective as of 10/15/2026.
**A penalty may be imposed for early withdrawal.
Interest on certificates with terms of 12 months or less will not be compounded and paid at maturity.
Interest on certificates with terms greater than 12 months will be compounded and credited/paid quarterly.
Cds
Lock in your rate. Grow your savings.
Choose a CD term that fits your timeline and know exactly what rate you'll earn along the way.
- Current CD rates up to 4.25% APY*
- Terms from 4 to 24 months
- FDIC insured up to applicable limit
*APY = Annual Percentage Yield, Rates effective as of 10/15/2026.
**A penalty may be imposed for early withdrawal.
Interest on certificates with terms of 12 months or less will not be compounded and paid at maturity.
Interest on certificates with terms greater than 12 months will be compounded and credited/paid quarterly.
Compare Current CD Rates
Find the CD that fits your savings goals.
4-Month CD Special
4.25% APY*
- $10,000 minimum opening deposit
- New money only
- Fixed 4-month term
12-Month CD**
Up to 4.00% APY*
- No minimum balance fees
- $500 minimum opening deposit
- Fixed 12-month term
18-Month CD**
Up to 3.90% APY*
- No minimum balance fees
- Fixed 18-month term
- A straightforward option for longer-term savings
24-Month CD**
Up to 4.00% APY*
- $500 minimum opening deposit
- New money only
- Fixed 24-month term
*APY = Annual Percentage Yield, Rates effective as of 10/15/2026.
**A penalty may be imposed for early withdrawal.
Interest on certificates with terms of 12 months or less will not be compounded and paid at maturity.
Interest on certificates with terms greater than 12 months will be compounded and credited/paid quarterly.
What is a Certificate of Deposit?
A Certificate of Deposit, or CD, is a savings account that earns a fixed interest rate for a set term. You deposit your money for a specific period, and in return, you get a predictable way to grow your savings.
A CD can be a good fit when you have money you don't need right away and want to lock in a competitive rate.
Why Choose a CD?
Lock in a fixed rate
Lock in your CD rate for the full term, so you know what rate you're earning.
Choose Your Timeline
Choose from CD terms ranging from four to 24 months to match your savings timeline.
Grow With Confidence
A fixed rate makes it easier to plan ahead and understand how your savings can grow.
Keep Your Savings Protected
Eligible deposits are FDIC insured up to applicable limits, helping keep your savings protected.
Which fits your goals:
CD or Savings Account?
The right option depends on when you'll need your money.
A CD may be a good choice when you can leave your money deposited for a set term and want to lock in a fixed rate. A savings account offers more flexibility when you expect to make deposits or withdrawals more frequently.
You can also use both as part of your savings strategy, keeping some money accessible while putting other funds into a fixed-rate CD.
Cds FAQS
Questions before you start?
Here are a few things to know as you consider opening a CD.
How does a CD work?
You deposit money into a CD for a specific term, such as six, 12, or 24 months. Your money earns interest according to the account terms. When the CD reaches its maturity date, you can access your original deposit and the interest you've earned, subject to the terms of your account.
Are CD rates fixed?
Luminate's CDs listed on this page have fixed rates for their stated terms. That means your rate doesn't change during the CD term.
What happens when my CD matures?
When your CD reaches its maturity date, you'll have options for what to do next based on the terms of your account. Review your maturity notice for details and deadlines.
Can I withdraw money from a CD early?
You may be able to withdraw funds before your CD reaches maturity, but an early withdrawal penalty may apply. Review the terms of your CD before opening so you know what to expect.
Are CDs FDIC insured?
Yes. Eligible deposits at Luminate Bank® are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable legal limits.
How do I choose a CD term?
Think about when you expect to need the money. A shorter-term CD can give you access to your funds sooner, while a longer term lets you lock in your rate for more time. Choose a maturity date that aligns with your savings timeline.
What does APY mean?
Annual Percentage Yield (APY) shows how much an account can earn over one year based on the interest rate and applicable compounding. It provides a consistent way to compare the earning potential of deposit accounts.
Let's Talk
Ready to put your savings to work?
Choose the CD term that fits your timeline, lock in your rate, and give your savings another way to grow.
