Central Virginia Bank CDs Offer High-Yields and Flexible Terms
Central Virginia Bank lets you set your own terms. CDs* are offered for terms ranging from 3 to 60 months. By investing in a Central Virginia Bank CD, you know that you are getting competitive rates, flexibility in terms, and the safety of FDIC insurance.
That’s because you lock in the yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.
We’ve Got A Certificate of Deposit That’s Right For You
We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind. And, for as little as $500, you can open your own CD. To help you decide which CD will best meet your needs, take our One-Minute Certificate of Deposit Test. Then request a CD rate quote from one of our Customer Services Representatives today at (804) 403-2000.
Short-Term CDs – Short term savings certificates, usually up to 3 months, offer you the fastest, readiest access to your money.
Medium-Term CDs – Our 6 to 18 month medium-term CDs offer you higher yields than shorter term CDs.
Long-Term CDs - If you have a long-term outlook, our CDs with maturities of 2 years or more reward you with the highest yields we have to offer.
| CD Term | Minimum Balance To Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield ** |
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| 3 Month | $500.00* | 0.20% | 0.20% | - |
| 6 Month | $500.00* | 0.40% | 0.40% |  |
| 9 Month | $500.00* | 0.57% | 0.57% | - |
| 11 Month | $500.00* | 0.65% | 0.65% | - |
| 12 Month | $500.00* | 0.60% | 0.60% | |
| 14 Month*** | $500.00* | 0.68% | 0.68% | - |
| 18 Month | $500.00* | 0.75% | 0.75% | - |
| 22 Month | $500.00* | 0.95% | 0.95% | - |
| 24 Month | $500.00* | 0.95% | 0.95% | |
| 30 Month | $500.00* | 1.05% | 1.05% | - |
| 33 Month | $500.00* | 1.30% | 1.31% | |
| 36 Month | $500.00* | 1.25% | 1.26% | |
| 42 Month | $500.00* | 1.40% | 1.41% | - |
| 48 Month | $500.00* | 1.45% | 1.46% | |
| 60 Month | $500.00* | 1.80% | 1.81% | |
*Daily Balance. The amount of the principal in the account each day.
**The Annual Percentage Yield is based on Monthly Compounding except for the 3-month CD which uses Quarterly Compounding. Fees could reduce earnings on this account. A Penalty may be imposed for early withdrawal. All rates are effective as of December 29, 2011.
*** The rate on the 14 month CD is a promotional rate offered to customers with a CVB checking account.
For current rate information call (804) 403-2000 or contact us today.
