What is the minimum deposit for an Exchange Bank CD?

Standard CDs open with $1,000. IRA CDs open with $500. Jumbo CDs open at $100,000 and earn a preferred rate. All CD products are disclosed at opening under Regulation DD (Truth in Savings) showing the APY, compounding schedule, term, maturity date and applicable early-withdrawal penalty. Funding can come from an Exchange Bank checking, savings or money market account, or by external ACH or wire.

Are Exchange Bank CDs FDIC-insured?

Yes. CDs are bank deposits insured by the Federal Deposit Insurance Corporation up to $250,000 per depositor, per insured bank, per account ownership category. Single, joint and retirement (IRA) CDs each sit in different categories for insurance purposes. The FDIC Electronic Deposit Insurance Estimator (EDIE) at fdic.gov models household-level coverage across multiple product types.

Exchange Bank Certificates of Deposit: Terms, Rates and Early-Withdrawal Penalties

Q: What CD terms does Exchange Bank offer?

Standard terms are 3-month, 6-month, 12-month, 24-month, 36-month and 60-month. Rates are fixed for the full term and compound either monthly or quarterly, then credit at maturity — customers can elect interest payout options at opening. Jumbo CDs ($100,000 and above) offer a preferred rate tier. IRA CDs wrap the same term structure inside Traditional, Roth or SEP retirement containers with contribution limits following current IRS rules.

Q: What is the early withdrawal penalty?

For CDs with a term of 12 months or less, the penalty is 90 days of interest on the amount withdrawn. For terms longer than 12 months, the penalty is 180 days of interest on the amount withdrawn. The penalty can reduce principal if the CD has not yet accrued enough interest to cover it — disclosed at opening per Regulation DD. Limited exceptions apply for death or legal declaration of incompetence of the account holder.

Q: Can I ladder CDs at Exchange Bank?

Yes. A CD ladder spreads equal investments across multiple term lengths — for example, five $10,000 CDs at 12, 24, 36, 48 and 60 months. As each rung matures, the customer either redeems it or rolls it into a new 60-month CD, capturing longer-term rates while keeping one rung maturing each year. Branch relationship bankers can structure the ladder during the account-opening conversation.

Fixed-rate deposit certificates from 3 months to 60 months, IRA CD structures for retirement savers, and Jumbo CDs above $100,000. Every certificate at Exchange Bank is FDIC-insured up to the standard $250,000 per depositor per account ownership category and is disclosed at opening under Regulation DD (Truth in Savings).

Rates stay fixed for the full term. Early-withdrawal penalties are 90 days of interest on terms of 12 months or less, 180 days of interest on longer terms. Deposit-insurance modeling is available at fdic.gov.

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Exchange Bank certificate of deposit ladder visualization with 12, 24, 36, 48 and 60 month rungs

Term	Min Deposit	Typical APY	Early Withdrawal Penalty
3-month CD	$1,000	Short-term tier	90 days of interest
6-month CD	$1,000	Short-term tier	90 days of interest
12-month CD	$1,000	Mid-term tier	90 days of interest
24-month CD	$1,000	Mid-term tier	180 days of interest
36-month CD	$1,000	Long-term tier	180 days of interest
60-month CD	$1,000	Long-term tier	180 days of interest
Jumbo CD ($100K+)	$100,000	Preferred tier across all terms	90 or 180 days by term

Standard CDs — 3 to 60 Months

Six standard term lengths — 3, 6, 12, 24, 36 and 60 months — each priced at a fixed APY for the full term. $1,000 minimum deposit. Interest compounds monthly or quarterly and credits at maturity, with optional periodic payout available on longer terms for customers who want a recurring income stream. Standard CDs serve well as emergency-fund anchors, laddered reserves and principal-protected deposits for conservative savers.

IRA CDs — Retirement Dollars

The same 3 to 60-month term menu wrapped inside a Traditional, Roth or SEP retirement container. $500 minimum deposit. Contribution limits follow current Internal Revenue Service rules. Rollovers from 401(k), 403(b) and other IRA custodians are accepted. For retirees taking required minimum distributions, interest payout schedules can be coordinated with the RMD calendar so the distributable cash is ready at the right dates.

Jumbo CDs — $100,000 and Above

Jumbo CDs earn a preferred tier APY across all standard term lengths. Minimum deposit $100,000. FDIC coverage tops out at $250,000 per depositor per category — households approaching that limit typically split Jumbo deposits across joint, single and IRA categories to maintain full insurance. Relationship bankers at the Santa Rosa main office structure multi-Jumbo portfolios with ladder rungs, coordinated maturities and household-level deposit-insurance review.

CD Laddering Strategy

A CD ladder spreads equal amounts across staggered terms — for example, $10,000 each in 12, 24, 36, 48 and 60-month CDs. One rung matures each year; proceeds roll into a new 60-month CD, capturing long-term yield while preserving annual liquidity. After five annual rollovers the entire ladder carries 60-month pricing. Sonoma County households holding cash reserves above $50,000 often prefer a ladder to single-term concentration.

Fixed-Rate Lock and Maturity Grace Period

The APY printed on the Truth in Savings disclosure at opening is the rate that applies for the entire term — regardless of subsequent deposit-market moves. At maturity, a 10-day grace period allows the customer to roll the CD into a new term at the then-current rate, withdraw the proceeds, or move them into a linked savings, money market or checking account. Maturity notices are mailed or emailed 30, 14 and 7 days before the date.

If no action is taken during the grace period, the CD automatically renews at the current posted rate for the same term length. Customers who prefer manual control can opt out of auto-renewal at opening.

Certificate of deposit maturity schedule with grace period and rollover options displayed in online banking

Early withdrawal penalty calculation with 90-day and 180-day rules for short and long terms

Early-Withdrawal Penalty Mechanics

On terms of 12 months or less the penalty is 90 days of interest on the amount withdrawn. On terms longer than 12 months the penalty is 180 days of interest on the amount withdrawn. The penalty applies whether or not that much interest has been earned — a 3-month CD withdrawn after 30 days will see 90 days of interest deducted, which can reduce principal. Full disclosure is on the account-opening document per Regulation DD.

Limited exceptions apply in the event of the death or legal declaration of incompetence of the account holder. For IRA CDs, IRS distribution rules interact with the penalty calculation — the Internal Revenue Service publishes current withdrawal rules for qualified retirement accounts.

FDIC Coverage and Household Modeling

CDs are deposit accounts and therefore carry FDIC insurance up to $250,000 per depositor per account ownership category. A household at Exchange Bank can hold a single-name CD, a joint CD and an IRA CD each with separate $250K coverage, reaching $750K aggregate at the same institution. For portfolios approaching these thresholds the bank runs an EDIE-style coverage map during the opening conversation.

Larger combined balances may benefit from adding a revocable trust titling (payable-on-death beneficiaries) which creates additional coverage categories. Full rules are at fdic.gov.

Relationship banker reviewing CD ladder and FDIC coverage map with customer in Santa Rosa

Savings Accounts

IRA Savings as a retirement-dollar holding account between CD rungs.

Money Market

Liquid tier-APY reserve sitting alongside a CD ladder.

Premier Checking

Combined-balance relationship pricing includes CD balances.

Business Savings

Business Jumbo CDs for corporate cash-management portfolios.

Digital Banking

View maturity dates, elect rollover options and fund CDs online.

Smart Alerts

Maturity-approaching notifications 30, 14 and 7 days out.

What CD terms does Exchange Bank offer?

3, 6, 12, 24, 36 and 60-month standard CDs, IRA CDs in the same terms, and Jumbo CDs at $100K+ with preferred-tier pricing across all terms.

What is the minimum deposit?

Standard CDs open at $1,000. IRA CDs at $500. Jumbo CDs at $100,000. All disclosed under Regulation DD at opening.

What is the early withdrawal penalty?

90 days of interest on terms of 12 months or less. 180 days of interest on terms over 12 months. Applied to the amount withdrawn, potentially reducing principal if accrued interest does not cover the penalty.

Are CDs FDIC-insured?

Yes — up to $250,000 per depositor, per account ownership category. Single, joint and IRA CDs count as separate categories. See fdic.gov.

Can I ladder CDs at Exchange Bank?

Yes — spread equal amounts across 12, 24, 36, 48 and 60-month rungs. As each matures, roll into a new 60-month CD. Captures long-term yield while preserving annual liquidity.