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 600 branches and more than 2,000 Santander ATMs across the Northeast, including many CVS/pharmacy® locations.
  • Use your Debit Mastercard® for everyday on–the–go purchases.§
  • Bank day or night with our highly rated Mobile Banking App.
  • Enjoy convenient features like Mobile Check Deposit, Quick Balance, and Apple Pay®.
  • Bank online with the confidence of Santander PROTECHTION, using digital controls for cards, alerts, and more.
  • Put misplaced cards on hold, until you find them, with Santander® Instant Card Hold.
  • Rest easier with our Digital Banking Guarantee.§
  • Rely on FDIC Insurance coverage up to applicable limits.
  • Call a toll-free number to speak to a Personal Banking Representative.
  • Use telephone banking at your convenience, 24 hours a day, 7 days a week.
  • Expect to be treated with respect during every customer service interaction.
  • Enjoy products and services that are simple, easy-to-understand, and easy to use.

* 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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