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3-Month Term
Minimum opening deposit of $90,000
36-Month Term
12-Month Term
Minimum opening deposit of $500,000
To get started, visit your local financial center or
Call (800) 531-7650
Compare Additional Rates and Terms
Get personal service from a banker at your nearby Broadway Bank Financial Center or call our Customer Service Call Center at (800) 531-7650 to open your account.
Find a Financial Center
For a limited-time only, get a 3-month Jumbo CD with an amazing rate of 4.84% APY*. Available at any Broadway Bank financial center today.
Our Two Year Step-Up CD gives you the power to increase your return with two rate increases during the CD term.
At Broadway Bank, we want to make sure you find a CD option that works best for your unique needs. Whether your goal is to save for three months or five years, we have a term and rate that's right for you.
Open with as little as $1,000 with a Standard CD or $500,000 if you choose to maximize your savings with a Super Jumbo CD.
When you open a CD, you agree to deposit a specific amount of money with Broadway Bank for a predetermined length of time, known as the term or maturity period. The term can range from a few months to several years. In return, Broadway Bank pays you interest on your deposit. The interest rate is typically higher than what you would receive on a regular savings account because you are committing to keep the money in the CD for the agreed-upon term.
There are several advantages to investing in a Certificate of Deposit:
While CDs have their advantages, there are a few points to consider:
Yes, but it typically comes with a penalty. If you withdraw money from a CD before its maturity date, you will usually incur an early withdrawal penalty. The penalty amount varies depending on the specific terms of the CD. It's important to carefully consider your financial needs and the potential penalties before deciding to withdraw funds prematurely.
To invest in a Certificate of Deposit, simply follow these steps:
When a Certificate of Deposit reaches its maturity date, you have several options:
It's important to be proactive and communicate with Broadway Bank before the maturity date to ensure you make an informed decision.
*APY is the Annual Percentage Yield. The Annual Percentage Yield is accurate as of . A penalty may be imposed for early withdrawal. Interest will not be compounded for certificates with terms of less than one year. For certificates with terms of one year or greater, interest will be compounded quarterly. Rates may vary based on your location. Subject to change without notice.
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