Certificate of Deposit for Physicians

A Great Deal For A

Certificate of Deposit

Rates as high as 5.30% APY1

  • Benefit 1: Unlimited Rate Bump – Anytime
  • Benefit 2: No Penalty For Medical Withdrawals
  • Benefit 3: Add Deposits Anytime

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AVERAGE RESPONSE TIME <10 MINUTES

Grow Your Money With a CD

Experience the power of growing your money with a Certificate of Deposit (CD) from Physician Bank. Our CDs provide fixed interest rates and guaranteed returns, giving you a secure and reliable way to maximize your savings. Benefit from competitive rates, flexible options tailored to your needs, and the assurance of FDIC insurance3. Whether you’re saving for a short-term goal or planning for the long haul, our CD empowers you to achieve your financial aspirations. Watch your money multiply4 as your investment works diligently towards bringing you closer to your dreams. Start your journey towards financial success today. Choose a CD from Physician Bank – the perfect path to earning potential.

  1. APY = Annual Percentage Yield. Fees may reduce earnings.
  2. Minimum balance to open the account and to obtain the stated APY.
  3. FDIC-insured up to $250,000. For additional coverage, ask us about CDARS.
  4. Interest penalty will be imposed for early withdrawal.

CD rates effective as of March 15, 2024. Not available for public or brokered funds.

Term $2,000 Min. Balance2 for APY1 $25,000 Min. Balance2 for APY1 $75,000 Min. Balance2 for APY1
6 Month Special (Interest Rate) 5.30% APY2
(5.23%)
5.30% APY2
(5.23%)
5.30% APY2
(5.23%)
12 Month 4.79% 4.79% 4.79%

Benefits of Your CD

Unlike a traditional Certificate of Deposit (CD), our Triple Option CDs come with FDIC insurance and provide three valuable benefits:

1: Unlimited Rate Bump – Anytime

Think you might miss out on rising interest rates? You won’t. You can reset your Certificate of Deposit rate anytime to our posted rate, for any term equal to or greater than the current term. The CD term is also reset when the rate is reset. In addition, you can bump the rate as often as you’d like.

2: No Penalty For Medical Withdrawals

Have concerns that you’ll need the money for medical expenses? No problem. You can access your money anytime and withdraw without penalties if used for medical expenses. Minimum withdraw amount is $1,000/withdrawal.

3: Add Deposits Anytime

Combine balances and add money to your Certificate of Deposit anytime. Minimum deposit is $1,000 and you can add up to 100% of the CD’s original balance each term.

Make Your Money Work Harder. Act Now!

Important Information

Procedures for Opening an Account Mandated by the USA PATRIOT ACT

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.

What this means for you:

When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

New! 4.04% APY* on checking.
*APY = Annual Percentage Yield

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Payroll Plus Checking Account

*APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened. Rate applies to balances between $0.01 and $100,000

To earn 4.04%, you must:

  1. Have at least $5,000 in direct deposit each month from payroll, social security, investment income, or other forms of monthly income.
  2. Have monthly debit card purchases posted to your account equaling a minimum of $500. Please note that ATM transactions do not count toward the debit card purchase requirement.
  3. Enroll and receive monthly eStatements. With eStatements, you must have a valid email address to enroll. $4 per month fee applies if not enrolled in eStatements and paper statements are sent through U.S. Mail.

Payroll Plus Rates effective as of March 1, 2024. Minimum opening deposit of $100.