Certificates of Deposit (CD)

Safe, secure and FDIC insured.

Term CD & IRA Term CD*

Fixed rate of return guaranteed for the term of the CD

$1,000 opening balance requirement

  • No additional deposits
  • Variety of available terms up to 60 months
  • Interest accrued daily and paid according to the terms of the CD
  • Automatic renewal
  • IRA plan product options: Traditional, Roth, SEP, Simple, Coverdell

A penalty may be assessed for early withdrawal

Open in branch

12 month CD available online.

Apply online

CLICK HERE TO VIEW OUR CURRENT RATES


3.93% RATE
4.00% APY

13 Month CD Special*

Fixed rate of return guaranteed for the term of the CD

$1,000 opening balance requirement

  • No additional deposits
  • Fixed rate of return guaranteed for the term of CD
  • Interest accrued daily and paid according to the terms of the CD
  • Automatic renewal into 12-13 month CD
  • IRA plan product options: Traditional, Roth, SEP, Simple, Coverdell

A penalty may be assessed for early withdrawal

Open in branch
 
 

Easy Exit CD*

Fixed rate of return guaranteed for the term of the CD

$1,000 opening balance requirement

  • No additional deposits
  • Fixed rate of return guaranteed for the 12 month term of CD
  • Interest accrued daily and paid according to the terms of the CD
  • Automatic renewal
Single withdrawal of entire balance allowed without penalty**

Open in branch



3.59% RATE
3.65% APY

7 Month CD Special*

Fixed rate of return guaranteed for the term of the CD

$1,000 opening balance requirement

  • No additional deposits
  • Fixed rate of return guaranteed for the term of CD
  • Interest accrued daily and paid according to the terms of the CD
  • Automatic renewal into 12-13 month CD
  • IRA plan product options: Traditional, Roth, SEP, Simple, Coverdell

A penalty may be assessed for early withdrawal

Open in branch
*$1,000 minimum opening deposit per CD and up to a maximum of $250,000 collectively per household or business. Interest rates and APYs (Annual Percentage Yield) are effective as of 1/20/23 and may change daily at Macatawa Bank's discretion. A penalty may be imposed for early withdrawal of principal for Certificates of Deposit.
**Single withdrawal of entire balance allowed without penalty after the first 6 days of funding your CD. Easy Exit CDs will be assessed 7 days interest penalty if withdrawn within the first 6 days of opening.

We're happy to help.

Looking for answers? Need some sound advice? Want to talk over your financial options? Fill out the form below and we'll be in touch.
* = Required field.


Preferred form of contact*

Recaptcha*