Certificate of Deposit (CD)


Put your savings on a schedule that fits your future plans!


Extra money in a few months. Even more in a few years.

Looking for stronger earnings? You don’t need to be a financial wizard or take chances on complicated investments. All you need is some time. With a Certificate of Deposit, you choose your savings schedule, lock in an attractive rate and then focus on other things while your money grows worry-free.

  • Minimum deposit of $25,000 new money*
  • Earn interest at higher rates than those offered by most traditional savings accounts
  • Deposits insured by FDIC

*New Money is money that is not held in an LSB deposit account at the time of opening.

When you decide to purchase a CD, you are agreeing to keep your money invested in the bank for a certain number of months/years at a fixed or variable interest rate. At the end of that term, you will get back the initial investment plus the amount of interest you incurred over your selected time frame. 

CDs are very safe compared to other investments and pose little risk to the person who purchases them. The highest chance of losing money with CDs is by cashing them in early; otherwise, they almost always guarantee a return. 

The advantages of purchasing are:

  • Safe investment
  • Flexibility of terms
  • Higher returns than a savings or checking account

The disadvantages of purchasing are: 

  • Fund liquidity
  • Lower return than stocks

*APY = Annual Percentage Yield. $25,000 minimum balance required to obtain APY. Public funds are not eligible for this offer. Interest will be compounded and credited to your account quarterly and at maturity. Early withdrawal penalties will apply. Fees may reduce earnings. The offer will renew automatically for a term of 12 months at a new rate. APY is accurate as of 01/02/2023 and is subject to change without notice.