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Certificate of Deposit

Individual Banking Investment Certificate of Deposit

​​​Take a smart step in your financial journey.

With fixed rates ranging from thirty days to three years, we make it easy for you to maximize your funds. Not only is your money safe, but your Certificate of Deposit (CD) may also be used as collateral for a personal and/or commercial loan.​


Your CD characteristics include:

  • Available fixed rate CDs ranging from thirty days to three years

  • Interest rates varies based upon the term and amount selected, renewed automatically at maturity

  • Interest payment options according to expiration date: receive payment by check, credit it to another FirstBank account or add the interest earned to your CD balance

  • Account information through Online Banking​

  • Peace of mind knowing your money is FDIC insured in accordance with their rules, laws and regulations on insurance coverage (member FDIC in the USVI and Puerto Rico only)

To open an account:

Simply visit any of our branch locations. Be prepared to provide at least two valid forms of ID, your Social Security number, a $2,500 minimum deposit, and completed CD account form and a W-8 or W-9. Other documentation may be required.​​

LEGAL USVI

Member FDIC only in the USVI and Puerto Rico. Available for individuals and commercial institutions. The complete terms and conditions of the account can be found in the disclosures document provided at account opening. FirstBank reserves the right to negotiate the minimum opening deposit amount and the term at account opening. Any withdrawals from the principal amount or any cancellation done before the expiration date will be subject to penalties. The Bank may deduct the penalty amount from the principal, if necessary. Early withdrawal penalties: (i) withdrawal on original tenors up to 365 days, penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; or (ii) withdrawal on original tenors after one year, penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.​


LEGAL BVI

Available for individuals and commercial institutions. The complete terms and conditions of the account can be found in the disclosures document provided at account opening. FirstBank reserves the right to negotiate the minimum opening deposit amount and the term at account opening. Any withdrawals from the principal amount or any cancellation done before the expiration date will be subject to penalties. The Bank may deduct the penalty amount from the principal, if necessary. Early withdrawal penalties: (i) withdrawal on original tenors up to 365 days, penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; or (ii) withdrawal on original tenors after one year, penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.

LEGAL USVI

Member FDIC only in the USVI and Puerto Rico. Available for individuals and commercial institutions. The complete terms and conditions of the account can be found in the disclosures document provided at account opening. FirstBank reserves the right to negotiate the minimum opening deposit amount and the term at account opening. Any withdrawals from the principal amount or any cancellation done before the expiration date will be subject to penalties. The Bank may deduct the penalty amount from the principal, if necessary. Early withdrawal penalties: (i) withdrawal on original tenors up to 365 days, penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; or (ii) withdrawal on original tenors after one year, penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.


LEGAL BVI

Available for individuals and commercial institutions. The complete terms and conditions of the account can be found in the disclosures document provided at account opening. FirstBank reserves the right to negotiate the minimum opening deposit amount and the term at account opening. Any withdrawals from the principal amount or any cancellation done before the expiration date will be subject to penalties. The Bank may deduct the penalty amount from the principal, if necessary. Early withdrawal penalties: (i) withdrawal on original tenors up to 365 days, penalty is forfeiture of 90 days of interest or all accrued interest, whichever is less; or (ii) withdrawal on original tenors after one year, penalty is forfeiture of 180 days of interest or all accrued interest, whichever is less.