T. Rowe Price Savings Bank offers Classic, Mini-Jumbo, and Jumbo CDs suitable for regular and IRA accounts. Below is a full listing of terms and minimums. The Bank also offers Smart Ladder CDs®, the easy and hassle-free way to build a CD ladder. For current interest rates and annual percentage yields (APYs), please click on the box above or call
| CLASSIC | MINI-JUMBO | JUMBO | |
| Certificate Terms | Minimum Deposit to Open Account | Minimum Deposit to Open Account | Minimum Deposit to Open Account |
| 30 to 90 Days* | $1,000 | N/A | N/A |
| 91 to 181 Days* | $1,000 | N/A | N/A |
| 6 to 11 Months | $1,000 | $50,000 | $100,000 |
| 12 to 17 Months | $1,000 | $50,000 | $100,000 |
| 18 to 23 Months | $1,000 | $50,000 | $100,000 |
| 24 to 29 Months | $1,000 | $50,000 | $100,000 |
| 30 to 35 Months | $1,000 | $50,000 | $100,000 |
| 36 to 47 Months | $1,000 | $50,000 | $100,000 |
| 48 to 59 Months | $1,000 | $50,000 | $100,000 |
| 60 Months | $1,000 | $50,000 | $100,000 |
*Regular Only
Compared with opening a single long-term CD, you can help to improve your liquidity with Smart Ladder CDs. You'll also help to protect yourself from downturns in market interest rates and maximize your returns over the long run. You can even use Smart Ladder CDs as part of an income stream during retirement.
| CLASSIC | MINI-JUMBO | JUMBO | |
| Certificate Terms** | $25,000 Minimum Deposit to Open Accounts |
$50,000 Minimum Deposit to Open Accounts |
$100,000 Minimum Deposit to Open Accounts |
| 12 Months | $5,000 | $10,000 | $20,000 |
| 24 Months | $5,000 | $10,000 | $20,000 |
| 36 Months | $5,000 | $10,000 | $20,000 |
| 48 Months | $5,000 | $10,000 | $20,000 |
| 60 Months | $5,000 | $10,000 | $20,000 |
**Your initial deposit will be divided evenly into five Smart Ladder CDs of 12, 24, 36, 48, and 60 months. Each account is renewed into a 60-month term at maturity.
The Federal Deposit Insurance Corporation (FDIC) basic deposit insurance coverage is $250,000 per depositor. Please note that there is separate $250,000 coverage per depositor for certain retirement accounts (such as Traditional and Roth IRAs).
For Personal Check Deposits:
The date as it appears on the postmarked envelope generally will be used for APY determination purposes. However, if the APY for the type and term of account you selected is higher on the date we open your account, we'll use that higher APY. If the applicable APY has decreased while your application is in the mail to us, we'll use the APY in effect on the postmarked date. If there is no postmark on the envelope or if it's unreadable, then for the type and term of account you selected, we will use the highest applicable APY that we offered within the past 10 calendar days of the date we open your account.
For Wired Deposits, Other Electronic Transfers, or IRA Transfers:
The business date on which we open your account upon our receipt of your wired deposit, other electronic transfer, or IRA transfer deposit will be used for APY determination purposes.
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