Certificate of Deposit



Certificate of Deposit

A Certificate of Deposit from Commerce National Bank offers interest earning power, with the added benefits of liquidity and safety. Depending on your needs, you can choose a term from one month to four years. And it doesn't take a lot of money to invest in a CD.

Term Less than 1 Year 1 Year - 18 Months 2 Years and Greater
Min. to Open $1,000 $1,000 $1,000
Partial Withdrawls Allowed None None None
Early Withdrawal Penalty 30 Days Simple Interest, whether earned or not 90 Days Simple Interest, whether earned or not 180 Days Simple Interest, whether earned or not
Interest Compounding Monthly Monthly Monthly
Interest Calculation Method Daily Balance Method Daily Balance Method Daily Balance Method
Renewals / Grace Period after Maturity to withdraw without Penalty Automatic Renewal 10-Day Grace Period Automatic Renewal 10-Day Grace Period Automatic Renewal 10-Day Grace Period
Additional Deposits None Allowed None Allowed None Allowed

Contact a Personal Banker for additional information.

The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited monthly on the current balance. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.


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