Certificate of Deposits

Summit Business Certificate of Deposit

  • $500 minimum opening deposit
  • Various terms and interest payment options
  • Various interest rates determined by term selected

Summit Personal Certificate of Deposit

  • $500 minimum opening deposit
  • Various terms and interest payment options
  • Various interest rates determined by term selected

Individual Retirement Account Certificate of Deposit

  • $500 minimum opening deposit
  • No annual fee
  • Various terms
  • Various interest rates determined by term selected

We know the security of FDIC insurance is important to you, that’s why Summit Bank now offers CDARS®, the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million. Click here for details

Certificate of Deposit Rates

CD TERM $500 MINIMUM IRA CD $500 MINIMUM

3 MONTH

1.75% APY*
1.74% Interest Rate

1.75% APY*
1.74% Interest Rate

6 MONTH

2.00% APY*
1.98% Interest Rate

2.00% APY*
1.98% Interest Rate

7 MONTH

2.15% APY*
2.13% Interest Rate
2.15% APY*
2.13% Interest Rate

9 MONTH

2.00% APY*
1.98% Interest Rate

2.00% APY*
1.98% Interest Rate

12 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

18 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

24 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

30 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

36 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

48 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

60 MONTH

2.25% APY*
2.23% Interest Rate

2.25% APY*
2.23% Interest Rate

*Annual Percentage Yields quoted effective 01-06-2009 and are subject to change without notice.

Penalties for early withdrawals on certificates:

Forfeiture of accrued interest if term of account is less than 3 months.

Forfeiture of 3 months of interest if term of account is more than 3 months but less than 1 year.
Forfeiture of 6 months of interest if term of account is 1 year or longer.