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Bask Bank Certificates of Deposit

Certificates of Deposit

No matter what your savings goals are, a Bask Certificate of Deposit (CD) can help you achieve them faster by earning interest on a lump sum deposit that's held for a period of time between 6 months and 24 months.

Choose Your CD Rate

Open a Certificate of Deposit (CD) account today

Select the duration and Annual Percentage Yield (APY)*
that works for you.

Certificate of Deposit (CD) Rates

$1,000 Minimum to Open Account

deposit term interest Rate apy
6 Months



12 Months 5.02% 5.15%
18 Months 4.40% 4.50%
24 Months 4.40% 4.50%

Interest for CDs are calculated and accrued daily based on the daily balance in the account. CDs have fixed terms and rates; penalty may be incurred if funds are withdrawn prior to maturity.

All Annual Percentage Yields (APYs) and Interest Rates shown are offered on accounts accepted by Bask Bank and effective per the dates shown above, unless otherwise noted. APYs represent the yield on a 365-day basis including the effect of compounding and interest reinvestment. APYs on term deposits assumes reinvestment of principal and interest at maturity, fees may reduce earnings on accounts.

Benefits of a Bask CD Account


Terms on a Bask CD Account range from 6 months to 24 months, so how you want to save (and for how long) is entirely up to you.


You can trust that all four of Bask Bank’s CD account offerings are insured up to FDIC limits, which means you’re protected from any losses.


The added advantage of knowing your exact interest earnings can help you plan smarter, which means achieving your goals quicker — so you can dream larger.

How do CDs work?

"CD" stands for "certificate of deposit," a type of high yield savings account that has a fixed interest rate (APY) and a fixed term. A Bask CD Account offers a guaranteed return on your savings in exchange for you choosing Bask Bank to safeguard your funds during a timeframe of your choice.

What is APY?

"APY" stands for "annual percentage yield," a percentage that describes compounding interest gained on money deposited into an account.

Have other questions?

Check out our FAQs below. 

Frequently Asked Questions

    What is a Certificate of Deposit (CD)?

    A certificate of deposit (CD) is a bank account that earns a fixed interest rate in exchange for locking in your deposit for a specified term. Bask Bank offers CD terms ranging from 6 months to 24 months.

    How can I open a new CD?

    If you don’t already have another account with Bask Bank, you can open a new account by visiting and selecting “Open an Account” from the homepage. You’ll then have the option to choose your desired CD term and follow the prompts to complete your application.


    If you already have another account with Bask Bank, you can add a CD to your Bask Bank account by logging into Online Banking and clicking “Discover Products” from the left navigation menu. You’ll then have the option to choose your desired CD term, click “Open CD” under your selection and follow the prompts to complete your application.

    What do I need to know about funding my new CD?

    You must fund your new CD with a single, lump-sum deposit of at least $1,000 within the first 10 business days after opening the account. If your CD is not funded with at least $1,000 within 10 business days, your account will be closed automatically. Once you make the initial deposit, you will not be able to make any additional deposits until the renewal "grace period" at completion of the CD term.

    Can I have more than one CD?

    You can have up to five individually owned and five jointly owned CD accounts per CD term length.

    Can I withdraw money from my CD early?

    You may withdraw interest that has been credited to your account during the current term without penalty, but you will be subject to an early withdrawal penalty if any portion of your principal balance is withdrawn.


    • CDs with terms of 6 months up to and including 1 year are subject to a fee of 90 days of simple interest based on the principal amount withdrawn.
    • CDs with terms greater than 12 months are subject to a fee of 180 days of interest based on the principal amount withdrawn.


    If your accrued interest is less than the penalty's total amount, the difference will be deducted from your principal.

    Can I make additional deposits to my CD?

    After you initially fund your CD, you cannot make any additional deposits until after it matures during a renewal grace period at the end of its term. If you wish to deposit more money into a Bask Bank CD Account, you may open additional CD accounts at any time, up to five individually owned and five jointly owned CD accounts per CD term length.

    What happens when my CD matures?

    Thirty (30) days prior to your CD maturity date, Bask Bank will send you a maturity notice as a reminder that your CD is about to reach its maturity date. After your CD maturity date, you’ll be given a 10 day grace period during which you can take action to add or withdraw funds, move funds into another Bask Bank CD Account or adjust your term. If you take no action during this time, your CD will be automatically renewed and you’ll receive a renewal letter after the end of the grace period.

    Does the interest rate on my CD change?

    The interest rate and annual percentage yield (APY) is a fixed rate. We will pay this rate and APY through your maturity date. On occasion, we may offer promotions or programs offering higher-than-average interest rates. 


    Solely at our discretion, Bask Bank may bump your rate to the current promotional rate during the term of your CD. Because the interest rate and APY are fixed through your maturity date, Bask Bank is not obligated to authorize a rate bump, and initiating a one-time rate bump at our discretion does not guarantee that we will continue to do so in the future. In the event a promotional rate is applied, a rate change notice will be distributed and available via Online Banking, and the new rate will appear in your account details.

    *The annual percentage yield is effective as of . APY is a fixed rate and a $1,000 minimum balance is required. We will pay this rate and APY through your CD maturity date. Fees could reduce the earnings on your account, and an early withdrawal penalty may be imposed for early withdrawal. If your CD is not funded with at least $1,000 within 10 business days after the date the account is opened, it will automatically be closed. Read the full terms here.