With flexible terms and competitive interest rates, our CDs provide a smart option for short- or long-term savings goals. Lock in your rate today and watch your savings grow with confidence.
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With a No Penalty CD you have a guaranteed interest rate and access to your funds when you need it.
Effective Date: 03/24/25
| Account Type | Minimum Opening Deposit | Minimum Balance to Obtain APY | Interest Rates | Annual Percentage Yield |
|---|---|---|---|---|
| Certificate of Deposit 12 Month Special*** | $2,500.00 | $2,500.00 | 3.85% | 3.91%*** |
| Certificate of Deposit 12 Month Special**** | $2,500.00 | $2,500.00 | 4.00% | 4.06%**** |
| 24-Month IRA Special* | $100 | $100** | 3.75% | 3.80% |
* A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account
**Daily Balance. The amount of the principal in the account each day.
***Interest is compounded and paid at maturity. There is a penalty for early withdrawal. Early withdrawal fees could reduce earnings. 12-month CD offer is valid for consumer and commercial customers without a full relationship.
****Interest is compounded and paid at maturity. There is a penalty for early withdrawal. Early withdrawal fees could reduce earnings.12-Month CD offer is valid for consumer and commercial customers with a full relationship. Relationship requirement is maintaining a checking account with at least one monthly ACH credit or debit or a checking account with at least five monthly debit card transactions.
Annual Percentage Yield (APY) is accurate as of 03/24/25 and is subject to change without notice.
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.
Certificates of Deposit are automatically renewable at the current rate at maturity.
Notices are mailed ten days prior to maturity.
* 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.
While many banks focus solely on your finances, we put you first. Our mission is to be a trusted partner, delivering thoughtful advice and innovative yet easy-to-use products that genuinely enhance your everyday life.
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