Certificates of Deposit (CDs)

Certificates of Deposit (CDs)

A fixed term savings tool with a tiered interest rate structure offering higher rates for longer terms and larger deposits. Interest can be paid monthly, quarterly, semi-annually, annually or at maturity; it can be added to the CD, transferred to a checking or savings account , or paid via cashiers check.

Summary
  • Wide range of opening deposits and terms
  • Fixed rate of return
  • Higher rates than savings accounts
  • Higher rates for longer terms and larger deposit
  • Early withdrawal penalty may apply
  • First Northern Bank offers:
  • Automatic Renewable Certificates - The certificates are automatically renewed at the interest rate in effect at the time of maturity.
CDARS®

Looking for safety and CD-level rates for your large deposits? Find out why thousands of safety-conscious investors choose CDARS, the easiest way to access multi-million-dollar FDIC insurance through our bank. (Limits apply.)

First Northern Bank can place your funds with multiple FDIC-insured institutions through the Certificate of Deposit Account Registry Service®. You work with us; we'll take care of the rest.

  • Full FDIC insurance
  • Manage multiple accounts easily
  • One bank, one rate, one statement
  • Terms from 4 weeks to 3 years
  • No fees
  • No collateralization

CDARS is great for individuals, non-profits, public funds, advisors, businesses, and socially motivated investors.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.