white piggy bank on a multi-colored board surface

Certificate of Deposit

Certificate of Deposit

What is a Certificate of Deposit (CD)?

A Certificate of Deposit (CD) is a savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued with minimum balance. When you open a CD, your money is on deposit for a specific time period. For agreeing to keep it on deposit for a specified time period, you earn more than you would in a regular savings account. If you cash it in before its maturity date, you pay a penalty. Speak with your banker to learn about the most up-to-date interest rates on terms available!

  • 12 Month
  • 18 Month
  • 24 Month
  • 36 Month
  • 48 Month

CD terms are offered by Kensington Bank as both regular funds or IRA (Individual Retirement Account), Traditional or Roth. CLICK or TAP HERE for more information on IRAs.

Certificate of Deposit Account Registry Service ® / CDARS ®

Kensington Bank is proud to offer two robust programs through Promontory ®, that gives you access to multi-million dollar FDIC insurance on deposits so you can enjoy yield, peace of mind, and flexibility all at the same time.

Businesses, nonprofits, government entities, advisors (trustees, trust officers, lawyers, accountants, financial advisors/planners, and other fiduciaries), and individual investors can:

  • Earn CD-level returns, which may compare favorably with those of Treasuries and other high-quality investments.
  • Satisfy requirements for insured deposits.
  • Enjoy the time-saving conveniences associated with one relationship, one interest rate per maturity, and one regular statement.
  • Eliminate the need to track changing collateral values on an ongoing basis.
  • Avoid having uninsured deposits to footnote in financial statements.

One Bank

Everything is handled through Kensington Bank. Your large deposit is broken into smaller amounts and placed with other banks that are members of the CDARS Network. Then, those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank—our bank—you can receive insurance through many.

One Rate

You earn one rate per maturity on your entire investment—so you can forget about multiple rate negotiations and the need to consolidate multiple disbursement checks.

One Statement

You receive one regular account statement listing all of your CDs along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there’s no need to manually consolidate statements or track changing collateral values on an ongoing basis.


Stop by any of our offices, give us a call at (866) 965-2419, or contact us.

2021 Kensington Bank | Sitemap | Privacy Policy | Legal

FDIC and Equal Housing Lenders logo