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Certificate of Deposit

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Commercial Banking Deposits Certificate of deposits
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​​​​​​​​​​​​​​​​​​​​​​​Maximize the power of the revenue generated by your business.

The CD is a deposit account with a fixed term duration during which you earn attractive interests and can use it as collateral to guarantee a personal loan.

Take advantage of competitive interest rates and make a wise investment for your business.


Benefits:

  • Freedom to choose, at the opening of the account, when and how you want interests to be paid:

    • Accord​ing to the type of certificate and its respective expiration date, you can choose for the interests to be paid monthly, quarterly, biannually, annually or at expiration.

    • Payments can be processed by sending a check or giving credits to your account.

  • Access to your account information through our FirstLine Solutions Center.


Important terms and charges1:

  • This product is for one or more individuals under the name of a business, special society, club, association, church or corporation.

  • Any withdrawals from the principal amount or any cancellation done before the expiration date will be subject to penalties.

  • Minimum initial deposit: $1,000.2

  • Terms range from 7 days to 5 years.2

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Member FDIC. 1 The complete terms and conditions for the account can be found in the account disclosure document provided at the opening of the account. 2 FirstBank reserves the right to negotiate the minimum deposit amount and the term at the moment of opening of the account.

Member FDIC. 1 The complete terms and conditions for the account can be found in the account disclosure document provided at the opening of the account. 2 FirstBank reserves the right to negotiate the minimum deposit amount and the term at the moment of opening of the account.

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