What is a Certificate of Deposit (CD)?

A Certificate of Deposit (CD) provides an easy way to save and grow your money. They are similar to savings accounts because they are FDIC insured*. However, because you are locking your money away for terms typically between 3 months to 5 years, a bank can generally offer you better interest rates on CDs than savings accounts.


Certificate of Deposit Types

At Santander Bank, we have great certificate of deposit types to choose from. And, our Personal Banking Representatives are available to answer your questions from what a CD is to comparing CD rates in order to help you make the right savings choice.

Ready to Take the Next Step?

Stop by your nearest branch, call, or email us today to speak with a Personal Banking Representative about your CD options and walk you through CD rate comparisons.

Call Us 877.768.2265

Benefits of Banking with Us
  • Over 650 branches and more than 2,000 Santander ATMs across the Northeast, including many CVS®/pharmacy locations.
  • Monitor your balances or activity with customizable email or text alerts.
  • Online and Mobile Banking.
  • Mobile Check Deposit.
  • A Debit MasterCard® for your everyday on–the–run purchases§.
  • Easy, quick access to directly deposited funds.
  • FDIC Insurance coverage up to applicable limits.
  • Online Banking Guarantee§§.
  • Real-Time Fraud Monitoring.
  • Toll-free number to speak to a Personal Banking Representative.
  • Switch Services team to help if you're moving from another bank.

* 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.

§ Available for Checking account customers.

§§ Please refer to your Online Banking or Personal Deposit Account Agreement for details on your responsibility for promptly reporting unauthorized transactions.

Click here for more information about our Identity Theft Assistance Services

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