Every day you wait, you lose guaranteed3 interest earnings. Don’t let your money sit idle without earning; park it in a secure CD maturing just in time.
*APY = Annual Percentage Yield is accurate as of today and assumes that interest and principal will remain on deposit until maturity.
About FinWise Bank CDs
Diversify your savings with the security and guaranteed return you’ve been looking for.
We make it easy to earn a competitive high-yield fixed rate for your next vacation adventure, luxury item, or future savings goals.
- Open an account online.
- Earn a competitive fixed rate.
- $500 minimum balance.
- Deposits are FDIC insured up to $250K.
- FinWise Bank (NASDAQ: FINW) is headquartered in Utah
🔒Don’t miss out: Rates are subject to change, so be sure to lock in your rate while you can.
Enjoy the convenience of opening a certificate of deposit account online today!
Certificate of Deposit (CD) Features
How will you benefit from FinWise Bank’s High Yield CDs?
How To Deposit
Open a CD online, no matter where you are in the U.S.
Our online account opening process will guide you from start to finish. This application process should take approximately 10 minutes, and you will need the following items:
- Driver’s License, Passport, Military ID or State ID
- U.S. Social Security Number
- U.S. Citizenship or Resident alien status
- External account information if funding from an external account
Enjoy the convenience of opening a CD online from anywhere in the U.S.
About Certificate of Deposits
What is a CD?
CDs allow you to save money over a fixed timeframe otherwise known as a “term” at a fixed interest rate. Traditional savings accounts have variable interest rates and may change over time. When you invest in a CD you will know what to expect at the end of your term.
Read our MoneyWise article to learn more: How Does a Certificate of Deposit Work?
Contact our Customer Success Team below or call 1-833-346-9473.
About FinWise Bank (NASDAQ: FINW)
We are a full-service FDIC-insured bank that offers unparalleled customer service.
Our commitment to your financial well-being turns even basic banking needs into exceptional financial support.
We’ve embraced the same technology as big-name banks but haven’t lost our focus — and that’s you. If you’re looking for a bank with attentive service, knowledgeable bankers, and convenience of online access nationwide, FinWise Bank is here for you.
Secure and Insured
Your trusted financial partner.
Our commitment to your financial well-being means we never sacrifice credibility for progress.
Frequently Asked Questions
Our experts answer your questions.
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Can I make additional deposits during my term?
All deposits must be made at the beginning of your term and can be withdrawn at maturity.
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How safe is it to stash cash in a CD account?
CD savings accounts allow you to save with low risk. FinWise Bank is a FDIC insured1 institution. You can rest assured that your CD account will be just as safe as traditional savings accounts.
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What happens at the end of my CD term?
At the end of your term, you may withdraw from your account the full amount you deposited into the account plus any interest you have earned while carrying out your term. Or keep it set to auto renew2 for even more earnings!
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What if I need access to my funds before the end of my term?
Before opening CD account, you should consider when you need access to your funds. To receive the full benefits of a CD Savings account you should refrain from withdrawing from your account. However, we understand life happens.
If you withdraw early there is a penalty of 90-day loss of interest. If your Account has not yet earned enough interest so that the penalty can be deducted from earned interest, or if the interest already has been paid, the difference will be deducted from the principal amount of your Account. For fixed rate Accounts, we will use the rate in effect for your deposit.
No questions matching current filter