The annual percentage yields (APYs) provided for the featured accounts assume interest remains on deposit, require $1,000 minimum daily balance, and are accurate as of today. A substantial penalty may be imposed for early withdrawal. All rates are subject to change daily, so download an application and apply today.
The minimum deposit to open a standard account is $1,000, and the minimum deposit to open the featured Smart Ladder CDs® is $25,000. For Smart Ladder CDs, you only need to complete a single application. T. Rowe Price Savings Bank sets up your CD ladder of five CDs, manages the annual renewals, and offers you the highest current interest rates based on your total minimum deposit and applicable terms.
If you are looking for other terms with competitive rates on certificates of deposit, consider these offerings from T. Rowe Price Savings Bank.
- Classic CD — $1,000 minimum deposit
- Mini-Jumbo CD — $50,000 minimum deposit
- Jumbo CD — $100,000 minimum deposit
- Smart Ladder CDs Classic — $25,000 minimum deposit
- Smart Ladder CDs Mini-Jumbo — $50,000 minimum deposit
- Smart Ladder CDs Jumbo — $100,000 minimum deposit
Not only do you receive competitive interest rates, but you get the security of FDIC insurance and top-flight service from a name you can trust. Terms are available from 30 days to 60 months for regular Classic CDs and from six months to 60 months for Mini-Jumbos, Jumbos, and all IRAs.1 For Smart Ladder CDs and IRA Smart Ladder CDs, your initial deposit is divided equally into five accounts of 12, 24, 36, 48, and 60 months, with each account automatically renewing into a 60-month term at maturity.
In addition, there are flexible options to invest your interest payments, you will receive annual statements, and there is an automatic renewal feature.