FDIC-Insured with guaranteed return on your investment.
Earn high interest on your savings with rates higher than the national average.
Interest compounds daily - and paid accordingly to the term you choose.
Independent and family-owned bank with over 165 years of putting customers first.
A Certificate of Deposit (CD) is a type of savings account that provides a higher interest rate than a traditional savings account in exchange for your agreement to keep your money deposited for a specific term. CDs are FDIC-Insured, making them a place to save your money and you'll know exactly how much interests you'll earn over the CD term. However, if you withdraw your money before the CD's maturity date, you'll have to pay a penalty. CDs are a good option if you want a higher interest rate, and don't foresee needing access to your money within your chosen term.
CDs offer higher interest rates than regular savings accounts but require you to commit your money for a specific period. This makes them ideal for funds you won't need soon, like those earmarked for a down payment or a vacation. Savings accounts provide easy access to your money but typically have lower interest rates. They're perfect for your emergency fund or money you might need for upcoming expenses. To maximize your earnings while maintaining flexibility, consider using both CDs and savings accounts. For instance, keep your emergency fund liquid in a savings account and invest money for long-term goals in CDs.
When your CD reaches its maturity date, you have a few options:
If you withdraw before your CD matures, a penalty may be assessed. The penalty amount depends on the term length, and how early you withdrawal. If you are worried you may need to access your money during your chosen term, you may want to consider a traditional savings account.
* Premier CD Annual Percentage Yield accurate as of 08.02.2025. FNBO Premier Checking Account and a minimum CD balance and opening deposit of $500 required to obtain rate. FNBO Premium Business Checking, Premium Business Checking with Interest, or Analyzed Checking with Interest, and a minimum CD balance and opening deposit of $500 required to obtain rate.
1 CD accounts will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. This account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.
2 You will be notified at maturity; a penalty may be assessed for early withdrawal. Fees could reduce earnings.
3 The Annual Percentage Yield (APY) is accurate as shown. Interest Rates and APYs may change daily after the account is opened, the Lock Rate will not change during the lock period. Fees may reduce earnings. For account and fee information visit “Guide to Your Savings Account” and “Deposit Agreement”.
Rates are determined by the primary account holder’s county of residence in our Deposit Footprint. Our Deposit Footprint includes Colorado, Illinois, Iowa, Kansas, Missouri, Nebraska, South Dakota and select counties in Texas, Wisconsin, and Wyoming. Rates may vary by county within the Deposit Footprint. Your rates may change if you move from one county to another within the Deposit Footprint. If you move outside of our Deposit Footprint, you may be eligible for Expansion Footprint rates (everything outside the Deposit Footprint). Rates in the Expansion Footprint may vary from rates in the Deposit Footprint.
4 Flex Savings allows you to lock the rate and Annual Percentage Yield on this account for 3 or 6 months. Renewal notices are not sent out for this product; upon expiration of the rate lock, you must contact FNBO to re-lock your account. If you do not contact FNBO to re-lock your account at that time, the rate will be lowered to the "Base Rate" as published on the Rate Sheet applicable at that time. It will remain at the "Base Rate" until you contact us to request a new rate lock. You can request a rate lock at any time for a new 3 or 6-month period at the then applicable "Lock Rate." To receive the locked rate, an FNBO checking account is required. If the checking account is closed during the rate lock period, the Flex Savings rate may be lowered to the then applicable "Base Rate" as published on the Rate Sheet applicable at that time.
5 A minimum daily balance of $1,000 is required in order to avoid the $25 monthly maintenance fee.
Two Free withdrawals per month each subsequent withdrawal/transfer after will be charged an excessive withdrawal fee of $25. This includes all transfers and ATM withdrawals at First National Bank of Omaha (FNBO) as well as using other bank ATMs and ATMs not operated or contracted by FNBO.
$125 penalty may apply if closed in a rate lock period.