Lock in your savings with an InBank CD
When you have money you don’t need immediate access to, a certificate of deposit can help put those funds to work with greater predictability.
An InBank certificate of deposit, or CD, allows you to set aside funds for a defined period and earn a fixed return during that term. Whether you’re a business looking for a place to hold reserves or an individual planning for a future financial goal, our bankers can help you explore CD options that fit your needs.
With InBank, you also get something that can be harder to find at a national institution: a local banking relationship. We serve businesses and individuals throughout Colorado and New Mexico and are here to help you understand your options—not simply choose an account.
Member FDIC.
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How does a certificate of deposit work?
A certificate of deposit is a deposit account that holds your money for an agreed-upon period, known as the term. In exchange for committing those funds for the term, the account earns a fixed return.
That structure can make CDs useful when you want greater certainty around your savings and know you are unlikely to need the money immediately.
At the end of the CD term, the account reaches maturity. You can then determine what to do with your funds based on the options available to you at that time. Because CDs are designed to remain funded through maturity, withdrawing funds before the end of the term may result in an early withdrawal penalty.
CD rates, terms and product options can change over time. Rather than relying on outdated information online, an InBank banker can walk you through the options currently available and help you determine whether a CD makes sense for your financial goals.
Like other eligible deposit accounts at InBank, CDs are FDIC-insured up to applicable limits.
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CDs for businesses and individuals
A certificate of deposit can serve different purposes depending on what you’re saving for.
Business CDs
For businesses, a CD can provide a place to put excess operating cash or reserves that are not expected to be needed during the selected term.
Your liquidity needs should help determine whether a CD is appropriate. Businesses that need more frequent access to their funds may also want to consider InBank’s business savings accounts, InBusiness Savings or InBusiness Money Market options.
An InBank banker can help you evaluate how different deposit products may fit into your company’s broader cash-management strategy.
Personal CDs
For individuals, CDs can be used to save toward future expenses or financial goals while maintaining a predictable return during the term.
Some savers also choose to divide their money among CDs with different maturity dates, a strategy commonly referred to as CD laddering. This approach can provide periodic access to portions of your savings rather than placing all of your funds into a single maturity date.
If flexibility is more important than committing funds for a set period, explore our personal savings options as well.
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Why open a CD with InBank?
There are plenty of places where you can open a certificate of deposit. At InBank, the difference is the relationship behind it.
We believe banking should be personal, responsive and grounded in understanding what you’re trying to accomplish. Instead of asking you to navigate deposit options on your own, our bankers are available to talk through your goals, liquidity needs and available CD options.
For businesses, that relationship can extend beyond a single deposit account. InBank offers business banking solutions designed to support the broader financial needs of companies throughout Colorado and New Mexico.
For individuals, our personal banking team provides the same relationship-focused approach to everyday banking and savings.
Whatever you’re saving for, we’ll help you understand your options and make an informed decision.
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Certificate of Deposit FAQs
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01 What is a certificate of deposit?
A certificate of deposit, or CD, is a deposit account in which funds are held for a predetermined term and earn a fixed return during that period. CDs are generally best suited for money you do not expect to need before the account reaches maturity.
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02 Are InBank CDs FDIC-insured?
Yes. InBank is a Member FDIC. Eligible deposits are insured by the Federal Deposit Insurance Corporation up to applicable limits.
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03 What CD terms does InBank offer?
Available CD terms and rates can change. Contact an InBank banker to learn about current certificate of deposit options and determine which may be appropriate for your needs.
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04 Can businesses open a CD?
Yes. CDs can be used by both businesses and individuals. A business may choose a CD for excess cash or reserves it does not anticipate needing during the selected term. An InBank banker can help determine whether a CD or another business deposit account better fits your liquidity needs.
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05 What happens if I withdraw money from a CD before maturity?
CDs are intended to remain funded through the end of their term. Early withdrawals may be subject to penalties. Your banker can explain the applicable terms before you open an account.
Put your savings to work with an InBank CD
Whether you’re managing business reserves or saving toward a personal goal, the right deposit strategy starts with understanding your options.
Talk with an InBank banker about current CD rates and terms and find an option that works for you.
Member FDIC.