Navigation Menu

Santander
Certificates of Deposit 
If you plan on holding your money in savings for a while, then a Certificate of Deposit can help you earn more with a guaranteed rate for a fixed term.
A man walking beside a woman on a bike
X.XX%

Annual Percentage Yield*

Product title
 
 
 
X.XX%

Annual Percentage Yield*

Product title
Your ZIP is:
 . Adjust
Rates are available when account is opened in a Santander location within the ZIP code entered. If ZIP code entered is not located in CT, DE, MA, NH, NJ, NY, PA, RI, or select areas in Florida: Miami-Dade, Monroe, Broward counties, and Collier county ZIP Code 34141, rates shown may not be available. Rates may not be available for online openings.

What are Certificates of Deposit?

A Certificate of Deposit (CD) is an FDIC-insured promissory note that has a fixed interest rate and fixed date of withdrawal, commonly known as the maturity date.†

And because you agree to invest your money for the entire term, Certificates of Deposit generally offer higher interest rates than savings or money market savings accounts.

How do you choose a Certificate of Deposit?

Pick the CD term you want and the interest rate will be guaranteed for the entire period. You can begin with as little as $500, with the flexibility of having your interest credited to your CD account, or transferred to your checking, savings, or money market savings account. Alternatively, you can also have your interest mailed to you by check.

Penalties will apply if you withdraw the money before the end of the CD term.

Advantages of a Certificate of Deposit

  • A wide variety of time frames
  • Guaranteed rate of return
  • Competitive rates
  • Low-risk investment

Talk to a banker about our other Certificate of Deposit options.

Find a branch

All the ways we help you bank better

cartoon man using debit card

Convenience in the palm of your hand

Deposit with Mobile Check Deposit
Just take a picture of your signed check while you’re on the go.
Manage your account
Pay bills, send money with Zelle®** ,  make transfers and more, all from the Mobile Banking App.
Control over your cards
Create or update your PIN, update contact information, and report a lost or stolen card.

The trust you need to bank confidently

Secure biometric authentication
Only you can unlock your information with Touch ID® and Face ID® for Apple and fingerprint for Android.††
Digital Banking Guarantee‡‡
Shop online, in-store, or make bill payments with Santander PROTECHTION by your side.
Fraud protection
For digital security, our firewalls protect all your information stored in our database.

Bank anywhere, anytime

Manage your account whenever and wherever you want with our Mobile Banking App.

Download our
Mobile Banking App

Unlock on-the-go features with our highly-rated Mobile Banking App.

Responsive Image
4.7 out of 5 Rating. Based on 369k ratings on the App Store as of 11/21/2024.

Enroll in Santander
Online Banking

Manage your money securely by enrolling in Online Banking.

mobile phone displaying mobile app
Let’s meet in person
Schedule one-on-one time with a banker.
Banker at desk with client

FAQs: CDs

CDs can only be opened in a branch. To open an account, you will need:

  • Your Social Security number
  • A government-issued ID
  • A minimum deposit of $500
  • A valid email address

Yes. There is a maximum of $250,000 of deposit insurance from the FDIC for each category of account ownership. Visit https://www.fdic.gov/ for more information.

  • We calculate interest using the available daily balance method, which applies a daily periodic rate to the available daily balance in your account each day. Interest is generally calculated using a 365-day year.
  • Interest on your CD is credited monthly. You may choose to have the interest credited to your CD, credited to another Santander checking, money market savings or savings account, or mailed to you by check.

Our most popular rates and terms are shown above. In addition to those rates featured above, speak with a Banker to learn more about our other savings options.  Please note that published rates are subject to change without notice.

  • The maturity date for a CD is the last day of the CD’s term.
  • On the maturity date, your CD will automatically renew into the closest term available and the interest rate applicable to that term.
  • On the maturity date and during the 10-calendar-day grace period following the maturity date, you will have the opportunity to complete the following:
    • Choose a new CD term and rate
    • Withdraw funds from the CD without penalty
    • Add funds to the CD
    • Close the account
  • You will receive a renewal notice in the mail at least 20 days before your maturity date to remind you of these options.

Early Withdrawal Penalties for Personal and Business CDs

CD Terms            Early Withdrawal Penalty Fees
3-12 Months       3 months interest on amount withdrawn
13-48 Months     6 months interest on amount withdrawn
60 Months          12 months interest on amount withdrawn

Yes, you are allowed to have more than one signer on a CD account.

No, you will need to deposit all funds at the time you open your CD. You will have the opportunity to add funds on the maturity date or during the 10-calendar-day grace period following your CD maturity date.

Support resources: Savings options

We’ll guide you on your financial journey.

How much could my savings be worth?

See how your deposits can contribute to greater savings over time.

Read more

Emergency savings

Are you prepared for an emergency? Discover the importance of emergency savings to your financial future.

Read more

Money market vs. savings

Learn about the differences between a money market savings account and a savings account to see which one is right for you.

Read more

Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.
 

Are you a Santander Client

Log in to Online Banking for a more seamless experience.
*Minimum deposit of $500 to open this CD and receive this Annual Percentage Yield (APY). A penalty will be imposed for early withdrawal from a CD. APY is accurate and effective as of today and may change thereafter for new accounts. Rate is available when account is opened in a Santander location within the ZIP code entered. If ZIP code entered is not located in CT, DE, MA, NH, NJ, NY, PA, RI, or select areas in Florida: Miami-Dade, Monroe, Broward counties, and Collier county ZIP Code 34141, rates shown may not be available. Rates in other locations may vary. Fees may reduce earnings on the account. Offer is subject to change at any time. Contact a banker for further information about applicable fees and terms.

†There is a maximum of $250,000 of deposit insurance from the FDIC for each category of account ownership. Please visit fdic.gov for details.

**U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes and generally do not incur transaction fees. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
††If you share your device with other individuals, please note any fingerprints or face image stored on your device may be used to log in to the Santander Mobile Banking App and access your account.

‡‡Digital Banking Guarantee: When you use Online Banking, we guarantee that your money is protected against online fraud or losses and that your bills will be paid on time. You are protected against unauthorized online transactions as long as you check your statement and promptly notify us of any unauthorized activity. Refer to your Digital Banking Agreement for details on guarantees and your responsibilities for promptly reporting unauthorized transactions, as well as a list of supported mobile devices.

Apple, the Apple logo, Apple Pay and Touch are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.