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Start earning more from your money.

4.55% APY

12-Month Certificate of Deposit

$1,000 minimum deposit to open an account*

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Opening Your Account is Fast & Easy

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Open in Under 3 Minutes

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No Microdeposit Required

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Fund your account with a debit or a credit card

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No ID Upload Required

Get More From Your CD Account

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Guaranteed & insured returns over length of deposit.

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Competitive rates to propel your savings goals.

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Easy to set up and transfer funds with a debit card or ACH.

Frequently Asked Questions About CDs

Mobile Banking Simplified

Enjoy the freedom of mobile banking and so much more with Community Savings. We offer a variety of convenient services to make your life a little easier.

Access your Community Savings accounts on the go by downloading our mobile app today. 

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Savings with Stability

Building a legacy of trust since 1885

Over a century ago, the Caldwell Building and Loan Company, now  Community Savings, was founded. The bank has remained steadfast to its founding mission of serving its communities, while evolving into a modern digital bank with broad service offerings.

We began over 130 years ago and continue to play a vital role in advancing the financial growth of individuals, families, and communities across the country. It's our legacy to help you build yours.

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What is a Certificate of Deposit?

A Certificate of Deposit (CD) is a type of savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in return, you earn interest. 

How do I open a Certificate of Deposit?

You can apply online in as little as 3 minutes by clicking the "Open Online Now" button.

What are the requirements to open CD?

You must be at least 18 years old and have a tax identification number to apply.

Information Required:

  • Tax Identification Number
  • Home Address
  • Current Email Address
  • Date of Birth
  • Phone Number
How do I deposit the opening funds into my CD?

During your online CD application, you'll receive instructions on how to fund your account. You can fund your CD by transferring money from another bank or by using a debit or credit card.

Can I add funds to my CD at anytime?

No. You must deposit a fixed amount when you open the CD, and that amount stays locked until the CD matures. If you want to invest more funds, you can open a new CD.

Can I take money out of my CD early?

Yes, you can withdraw money from your CD (Certificate of Deposit) early, but you'll face a penalty for doing so. For more details please review the terms & conditions. 

What happens at the end of my CD term?

At the end of your CD term, also known as maturity, you have a few options:

  • Withdraw the money: You can take out the money along with the interest it has earned.
  • Renew the CD: You can renew or roll over the CD for another term, possibly at a new interest rate.
  • Transfer the funds: You can transfer the funds to another account or invest in a different financial product.

We will contact you as the end of your term approaches so you have time to make a decision.

A Bank You Can Trust

At Community Savings we believe in being a part of something bigger than ourselves by helping our communities, individuals, and businesses reach their financial goals. We are a mission-based bank focused on customers who have non-traditional credit needs and cannot get approved with standard financing or may belong among the nations most distressed communities. We provide technical assistance and access to capital to communities facing economic distress around the country. We strive to be the Community Savings for America and will focus on community development activities nationwide.
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Trusted Since
1885

139 Years of Excellence

5 Star Rated
Mobile App 

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HEALTH RATING
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Community Savings
425 Main Street
Caldwell, Ohio 43724

©2024 Community Savings, All rights reserved.
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Member FDIC_DKGray

Equal Housing Lender NMLS ID 812294
Member FDIC Routing# 244170259