*Annual Percentage Yield (APY) effective as of 04/15/2024. Available to new and existing customers. Minimum balance to open all CDs is $1,000. The 4 or 8 Month CD will earn 5.00% APY when opened with a minimum of $10,000 in new funds not already on deposit with Cape Cod 5. To learn how to qualify or for other rate information, visit your local Banking Center or call our Customer Service Center at 888-225-4636. The 4 or 8 Month CD will earn 4.75% APY if opened with a minimum balance of $1,000 and is available to new and existing customers. A penalty may be imposed for early withdrawal.

Find out how much interest you can earn with our CD calculators

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Learn more about CDs

What is a CD?

A certificate of deposit, or CD, is a type of savings account offered by banks and credit unions with a fixed term and interest rate.

What are the benefits of opening a CD?

Safety Your deposit is insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum limit. Learn more about Deposit Insurance

Predictable Returns Fixed interest rates.

Higher Interest Rates Usually better than regular savings accounts.

Diversification Can be part of a diverse portfolio.

How do I choose the right CD?

Set Goals Consider your financial goals when choosing a CD. Are you more interested in short-term liquidity or long-term savings?

Consider Laddering If you want a balance between liquidity and returns, consider laddering your CDs, which means opening multiple CDs with staggered maturity dates.

Check Features Look for unique features in CD products, such as step-up rates or add-on options, to see if they align with your investment preferences.

Understand Penalties Make sure you're aware of any early withdrawal penalties associated with the CD you choose and that you can commit to its specific term.

Review Tax Implications Consult a tax professional to fully understand how the CD's interest income will affect your taxes in your unique financial situation.

Cape Cod 5 CD Specials

More Options. More Savings.

Cape Cod 5 CD Specials

More Options. More Savings.

Cape Cod 5 CD Specials

More Options. More Savings.

Cape Cod 5 CD Specials

More Options. More Savings.

Already a Cape Cod 5 customer?

Log in to Online or Mobile Banking and open a CD Account with ease using the "Add an account" feature under the Accounts tab.

4 Month CD

Open a 4 Month CD Account

8 Month CD

Open an 8 Month CD Account

The 4 or 8 Month CD will earn 4.75% APY if opened with a minimum balance of $1,000 and is available to new and existing customers.

Find out how much interest you can earn with our CD calculators

Learn more about CDs

A certificate of deposit, or CD, is a type of savings account offered by banks and credit unions with a fixed term and interest rate.

Safety Your deposit is insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum limit. Learn more about Deposit Insurance

Predictable Returns Fixed interest rates.

Higher Interest Rates Usually better than regular savings accounts.

Diversification Can be part of a diverse portfolio.

Set Goals Consider your financial goals when choosing a CD. Are you more interested in short-term liquidity or long-term savings?

Consider Laddering If you want a balance between liquidity and returns, consider laddering your CDs, which means opening multiple CDs with staggered maturity dates.

Check Features Look for unique features in CD products, such as step-up rates or add-on options, to see if they align with your investment preferences.

Understand Penalties Make sure you're aware of any early withdrawal penalties associated with the CD you choose and that you can commit to its specific term.

Review Tax Implications Consult a tax professional to fully understand how the CD's interest income will affect your taxes in your unique financial situation.

Diversify Consider integrating CDs as part of your overall financial portfolio to manage risk and optimize returns.

Open a 4 Month CD Account →

Open an 8 Month CD Account →

Log in to Online or Mobile Banking and Open a CD Account →