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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
  • 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

4 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
  • 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
Single withdrawal of entire balance allowed without penalty**

Open in branch



3.44% RATE
3.50% APY

11 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
  • 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 10/21/24 and may change daily at Macatawa Bank's discretion. A penalty may be imposed for early withdrawal of principal for Certificates of Deposit. Minimum daily balance of $0.01 required to obtain APY.
**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 Easy Exit CDs will be assessed 7 days interest penalty if withdrawn within the first 6 days of opening.

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