Certificates of Deposit (CD)*
A Certificate of Deposit (CD) from Asheville Savings Bank is a great way to grow your nest egg. If you can commit funds—as little as $100—for a period of time, a CD gives you a higher interest rate and as with all of our deposit accounts, the security of FDIC Insurance. Asheville Savings Bank offers a variety of CD terms ranging from seven (7) days to five (5) years. Our specialty CDs are highlighted below:
1-Year Blended Rate Accumulator CD*
- $100 minimum opening balance
- Interest compounded quarterly
- Additions permitted anytime in amounts of $100 or more
- Additions earn at the interest rate in effect at the time of deposit
- Additions do not extend the maturity date
18-Month Accelerated CD*
- $500 minimum opening balance
- Interest compounded quarterly
- Rate adjusts upward every 3 months
- Withdrawals permitted at end of each 3 month interval without penalty
3-Year Bump Rate CD*
- $500 minimum opening balance
- Interest compounded quarterly
- During the initial term, anytime after one year you can, on one occasion, raise the rate to the current 3-year CD rate.
*Subject to penalty for early withdrawal.
For a complete overview of our Certificate of Deposit rates, click here. To view our Terms and Conditions for Certificates of Deposit, click here.