Open a CD Online or In Branch
A Certificate of Deposit Account Provides The Security You Crave with the Return You Deserve
Certificates of Deposit (CDs) offer the opportunity to park and grow your funds over short intervals.
*The maximum deposit to open a CD online is $250,000.00. To establish a CD over $250,000.00 please visit a branch.
CD accounts are secure, low-risk investment opportunities ranging from 30 days to 7 years—and you’ll only face fees if you need to withdraw your funds ahead of the agreed-upon end date for your specific CD.
Be sure to compare today’s terms and CD rates. Or allow your Relationship Manager to help you understand your CD savings account options. With market competitive CD rates, Manasquan Bank is the place to be.
Certificates of Deposit (CDs) offer the opportunity to park and grow your funds over short intervals.
Benefits & Features
Certificates of Deposit (CD's): We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the day you deposit non-cash items (for example, checks). The interest rate for the account will be paid until the maturity date of your certificate. (Exception: The rate for an IRA Market Pacer is variable and is subject to change at any time to the rate currently being paid on the IRA Steady Earner.) This account will automatically renew at maturity. You will have seven (7) calendar days from the maturity date to withdraw your funds without being charged a penalty. After the account is opened, you may not make deposits into or withdrawals other than earnings from the account until the maturity date. Interest can remain in account for compounding or be withdrawn by check provided a $5,000 balance is maintained in the certificate account. If any of the deposit is withdrawn before maturity, a penalty as shown will be imposed, which could result in partial loss of principal.
EARLY WITHDRAWAL PROVISIONS. We will impose a penalty if you withdraw any or all of the deposited funds before the maturity date. For terms less than 12 months, the fee imposed will equal 3 months of interest; For terms greater than 12 months, the fee imposed will equal 6 months of interest. Individual Retirement Account CD's - Early withdrawal penalties may be waived for the disbursement of retirement distributions when the retiree is at least 59 1/2 years of age.
We offer a special program in addition to traditional CDs:
- Homebuyer CD Account – Working toward purchasing a home? Whether it’s your first home or a new chapter, the experience can be layered with excitement and nerves. But one of those anxieties can be removed when it comes to your savings. Open a 1- to 3-year Homebuyer CD and automatically transfer $25 per month from your checking account at Manasquan Bank. Then, we’ll contribute $100 towards your application fee when you take out a home loan with us. (Credit will be applied at time of closing)
Stay Tied Together with Manasquan Bank