Certificate of Deposit
A safe way to grow your money at a higher interest rate.
Lock in your CD rate and watch your money grow.
Lock in a guaranteed rate for the term of a certificate of deposit with NASB and earn money safely over the entire term. Choose from a variety of term options with competitive rates.
Certificate of Deposit (CD) Rates
Certificate of Deposit Rates
18-Month CD Special Open account
23-Month CD Special Open account
Open online or in-branch
18-Month CD Special Open account
| APY1 | Interest Rate1 | Minimum to Open |
|---|---|---|
| 4.20% | 4.11% | $1,000 |
23-Month CD Special Open account
| APY1 | Interest Rate1 | Minimum to Open |
|---|---|---|
| 4.00% | 3.92% | $1,000 |
*APY=Annual Percentage Yield. Effective Date: 05/16/2025. Interest is compounded daily and credited quarterly. Annual Percentage Yield assumes reinvestment of principal and interest at the same rate. Early withdrawal penalty may apply. Fees can reduce earnings on the account.
When your certificate reaches maturity, you’ll have a 7-day grace period to make changes or close it before it automatically renews at the standard renewal rate for a similar term. To explore current rate options, call us or visit a local branch during your grace period. If you prefer a different rate or term than the renewal rate, you must either send NASB a secure message through online banking or visit a local branch to make the change.
Certificate of Deposit Rates
13-Month Term Open account
| APY1 | Interest Rate1 | Minimum to Open |
|---|---|---|
| 4.20% | 4.11% | $5,000 |
24-Month Term Open account
| APY1 | Interest Rate1 | Minimum to Open |
|---|---|---|
| 4.00% | 3.92% | $5,000 |
National CD Auto Renewals: Unless withdrawn at maturity, these certificate of deposit accounts will automatically renew into an Online Renewal CD, contact NASB for current rates.
OFFERING RATES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE.
1APY=Annual Percentage Yield. Effective Date: 05/16/2025. Interest compounded daily. Annual Percentage Yield assumes reinvestment of principal and interest at the same rate. An early withdrawal penalty may apply. Fees
can reduce earnings on the account.
For more information, please call 800-677-6272.
Certificate of Deposit FAQs
What is a NASB certificate of deposit?
A certificate of deposit, or CD, is a type of savings account with a fixed interest rate and fixed date of withdrawal, known as the maturity date. If you have savings that you won’t need to access for a while, an FDIC-insured certificate of deposit might be an ideal savings plan. Interest is compounded daily, and generally, the longer your term length, the higher the interest rate, and the more money you'll earn. Choose from either a traditional CD or a Fixed Rate IRA CD. Read more here.
How do I open a NASB certificate of deposit?
When you're ready to open a NASB certificate of deposit account, simply click here to start the process or stop by one of our branches. If you have questions, don't hesitate to call us at 816-316-4000, option 3.
Is there a minimum balance to open a certificate of deposit?
Yes, however this amount can vary and is subject to change. Currently, the minimum balance required to open a certificate of deposit is $1,000. The minimum balanced to open a fixed rate IRA CD is $100.
How can I get the best CD rate?
Typically, the longer the term of the CD, the higher the rates. You can view our CD rates here, and for any questions, please contact customer service at 1-800-677-6272.
How is the interest calculated on my CD?
NASB uses the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
What do I have to do if I want to renew my CD?
Your NASB certificate of deposit account will automatically renew at maturity. You will have seven calendar days after the maturity date to withdraw funds without penalty. The interest rate will be the same as offered on new accounts on the maturity date with the same or similar term and minimum balance requirements as your renewed certificate.
Can I add money to my certificate of deposit?
No, you cannot make deposits into your account until the maturity date.
How can I access money from my certificate of deposit?
Once your money is placed into the CD, it is locked for the term. You may withdraw but a penalty will be applied.
