Personal Certificates of Deposit

Take advantage of our low opening deposit requirements and the guaranteed rate of return for the term of your CD. Learn about our Certificates of Deposit below. If you don't see what you're looking for on this list, or if you have additional questions, just give us a call at 540-591-5000 or stop by one of our convenient locations. Our smiling employees will be glad to assist you over the phone or in person.

See today's CD Special Offers


1 year & Less

  • Minimum opening deposit $2,500.
  • Guaranteed interest rate for the term of the CD.
  • Interest is compounded and paid at maturity.
  • Monthly interest payments are available for CD's of $5,000 or more.
  • Penalty for early withdrawal is six (6) months interest.
  • Check today's CD Rates

13 Months to 35 Months

  • Minimum opening deposit $500.
  • Guaranteed interest rate for the term of the CD.
  • Interest is compounded and paid quarterly.
  • Monthly interest payments are available for CD's of $5,000 or more.
  • Penalty for early withdrawal is nine (9) months.
  • Check today's CD Rates

36 Months & Greater

  •  Minimum opening deposit $500.
  • Guaranteed interest rate for the term of the CD.
  • Interest is compounded and paid quarterly.
  • Monthly interest payments are available for CD's of $5,000 or more.
  • Penalty for early withdrawal is twelve (12) months.
  • Check today's CD Rates

No Penalty CD

With a No Penalty CD you have a guaranteed interest rate and access to your funds when you need it.

  • Minimum opening deposit $5000.
  • Guaranteed interest rate for one (1) year.
  • Interest is compounded quarterly.
  • Monthly or quarterly interest payments are available.
  • One no penalty withdrawal after seven (7) days.
  • Check today's CD Rates

CDARS®

The current standard FDIC insurance maximum is $250,000. Traditionally, if you had more than that, your excess funds were probably uninsured.Until now! We're proud to offer CDARS, the Certificate of Deposit Account Registry Service®. With CDARS, you can access FDIC insurance on your CD deposits, up to $50 million*! Best of all, once you're enrolled, there's no cumbersome paperwork ... we take care of it all and send you a comprehensive monthly statement. Simple and safe ... the perfect savings plan.

Click to learn more about CDARS or ask one of our friendly, knowledgeable associates today!

Renewing Term

Certificates of Deposit are automatically renewable at the current rate at maturity.

Maturity Notice

Notices are mailed ten days prior to maturity.

Reinvestment Options

  • Interest compounded
  • Interest check
  • Direct deposit to deposit account

Your earnings are guaranteed with our Certificates of Deposit and all deposits in Bank of Botetourt are insured to the regulatory maximum set by the FDIC.

Disclosures

Current Rates

Download our Certificate of Deposit brochure.

 

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