Contact Us
To open a new account or contact us with questions,
please fill out the form below and we will be in touch shortly. Thank you.
General Questions: Call +1 410-835-8906
General Questions: Call +1 410-835-8906
Certificates of Deposit
Farmers Bank of Willards recognizes that everyone wants to plan for the future, but plans vary based on circumstances. We are here to help you, whatever the need may be.
Certificates of Deposit (CDs) allow you to lock in a rate for a fixed term. In most cases, the rate is higher than a typical savings account.
Features of Certificates of Deposit:
- Chose from six different terms, ranging from six months to five years
- Minimum to open a CD is $1,000
- Competitive rates
CDARs accounts allow you to maintain one banking relationship while benefiting from FDIC Insurance on all of your funds. Talk with a Personal Banker to find out more about rates and eligibility requirements today!
Additional features/options available for all CD solutions:
| Certificates of Deposit ($1,000.00 minimum to open) | |
|---|---|
| Mobile Banking with Alerts and Reminders | |
| Online Banking with Alerts and Reminders | |
| Telephone Banking with Voice Access | |
| Interest Earned | |
| Interest Payment Options: Compounded Quarterly or Interest Payment via Check or Transfer | |
| Make Deposits or Withdrawals Penalty-Free During the Grace Period at Renewal |
CD Rates Under $100,000
| CD Term | Interest Rate | APY* |
|---|---|---|
| 6 Months | 2.52% | 2.54% |
| 12 Months | 2.30% | 2.32% |
| 18 Months | 2.20% | 2.22% |
| 24 Months | 2.13% | 2.15% |
| 36 Months | 2.12% | 2.14% |
| 48 Months | 2.18% | 2.20% |
| 60 Months | 2.22% | 2.24% |
Rates effective 09/10/2025 and are subject to change. Penalty may be imposed for early withdrawal. Minimum of $1,000 to open account. Minimum of $500 for 12 Month Term only for under 18 years old. Fees may reduce earnings.
*APY = Annual Percentage Yield
CD Rates Between $100,000-$249,999
| CD Term | Interest Rate | APY* |
|---|---|---|
| 6 Months | 2.87% | 2.90% |
| 12 Months | 2.65% | 2.68% |
| 18 Months | 2.55% | 2.57% |
| 24 Months | 2.48% | 2.50% |
| 36 Months | 2.47% | 2.49% |
| 48 Months | 2.53% | 2.55% |
| 60 Months | 2.57% | 2.59% |
Rates effective 09/10/2025 and are subject to change. Penalty may be imposed for early withdrawal. Minimum of $1,000 to open account. Minimum of $500 for 12 Month Term only for under 18 years old. Fees may reduce earnings.
*APY = Annual Percentage Yield
CD Rates Over $250,000
| Term | Interest Rate | APY* |
|---|---|---|
| 6 Months | 3.52% | 3.57% |
| 12 Months | 3.30% | 3.34% |
| 18 Months | 3.20% | 3.24% |
| 24 Months | 3.13% | 3.17% |
| 36 Months | 3.12% | 3.16% |
| 48 Months | 3.18% | 3.22% |
| 60 Months | 3.22% | 3.26% |
Rates effective 09/10/2025 and are subject to change. Penalty may be imposed for early withdrawal. Minimum of $1,000 to open account. Minimum of $500 for 12 Month Term only for under 18 years old. Fees may reduce earnings.
*APY = Annual Percentage Yield