Certificates of Deposit & IRAs
Making your money grow safer and faster.
Colonial Certificates of Deposit offer safety, stability and great growth.
For a limited time, get our NEW 2-in-2 CD Special. It's a 2% APY☨ for 2 Year (24 Month) CD! Call or visit a Colonial office for details.
Visit us in Gardner or Winchendon.
Call our Gardner Office at (978) 632-0171.
Call our Winchendon Office at (978) 297-2447.
This and our other CDs can be part of a healthy Individual Retirement Account (IRA). Traditional and ROTHs IRAs are available in 1,2, 3 and 5 year terms with the same great rates as our normal CDs.
Colonial's CDs are fully insured***, ultra-low risk and earn a higher interest rate than traditional savings accounts. The term of our CDs range from 3 months to 5 years. We're proud to offer competitive, top yields. See below or ask a Colonial team member for more information anytime.
2-in-2 CD Special Disclosures.
☨ Annual Percentage Yield (APY) effective as of 3/1/2018. A penalty is assessed on funds withdrawn prior to maturity. Certificates of Deposit (CDs) are FDIC and SIF-insured and offer a fixed rate of return if held to maturity. $500 minimum deposit to open. Funds must be new to Colonial Co-operative Bank. Current Colonial clients are eligible to make a onetime transfer from another Colonial account up to $25,000. Total deposits may not exceed $250,000. Limit one account per tax reported owner. Personal accounts only. Promotional offer subject to change or cancellation at any time.
Disclosures for all other CDs.
* Early withdrawal penalties may apply.
**APY is Annual Percentage Yield effective as of publication date and may be withdrawn at any time. $500 minimum deposit to open and required to earn stated APY. Current customers are eligible, but funds must not be on deposit with Colonial Co-operative Bank. Early withdrawal penalties apply. The Federal Deposit Insurance Corporation (FDIC) insures each depositor to at least $250,000. The Share Fund Insurance (SIF) of the Co-operative Central Bank insures all deposits above these amounts.
*** The FDIC insures each Colonial depositor to at least $250,000—and the SIF insures all additional deposits. Learn more by clicking on each type of account below.
Get a Variable Interest Rate that's a bit higher than a regular savings account over a 90 day period. When the term ends, you can withdraw your money or roll it into another CD. This, and the rest of our CDs, reward you with even higher interest rates depending upon the amount you deposit with us.
Minimum amount to open and minimum balance to earn interest in this passbook CD program is just $500. Additional deposits extend maturity and early withdrawal penalties apply.
Our 6-month CD is a great starter for people who have never had a CD before. We reward you with 4 tiers of higher yields, depending upon the amount you deposit, with a short term of only 6 months.
View current rates here. Minimum amount to open and minimum balance to earn interest in this CD is just $2,500 and early withdrawal penalties apply.
Make a goal. 4 tiers of higher interest rates depending upon the amount that you deposit in exchange for a commitment of one year and one day.
View current rates here. Minimum amount to open and minimum balance to earn interest in this CD is just $500 and early withdrawal penalties apply.
These longer terms mean bigger, safer yields for you. If you want to see your savings grow a bit to make sure you can afford retirement or a child's college tuition, and you're not comfortable with a volatile stock market, these CDs are a great alternative.
View current rates here. Minimum amount to open and minimum balance to earn interest in these CDs is just $500 and early withdrawal penalties apply.
Individual Retirement Fixed Rate Certificates are safe, reliable vehicles to grow your cash for retirement. Let us simplify your existing retirement plan by consolidating your IRAs. They're available in 1, 2, 3 and 5 year terms and earn the same rates as our CDs.