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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.

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Annual Percentage Yield*
15-Month CD
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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

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FAQs: Savings

All savings accounts can be opened in a Santander Bank branch and the Santander® Savings account can be opened online. Santander® Money Market Savings, Santander Select® Money Market Savings, and Santander® Private Client Money Market Savings accounts can only be opened online in conjunction with an online checking account opening. Certificates of Deposit and Individual Retirement Accounts can only be opened in branch. To open an account, you will need:

  • Your Social Security number
  • A government-issued ID
  • Funds for an opening deposit
  • A valid email address

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

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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.

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*Minimum deposit of $500 and any personal Santander® checking account 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 within the residential ZIP code entered. 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 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.

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