Certificates of Deposit

A secure and reliable way to grow your savings.

With flexible terms and competitive interest rates, our CDs provide a smart option for short- or long-term savings goals. Lock in your rate today and watch your savings grow with confidence.

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Certificates of Deposit Options

One Year or Less

  • Minimum opening deposit $2,500.
  • Guaranteed interest rate for the term of the CD.
  • Interest is compounded and paid at maturity.
  • Monthly interest payments are available for CD’s of $5,000 or more.
  • Penalty for early withdrawal is six (6) months interest.

13 Months to 35 Months

  • Minimum opening deposit $500.
  • Guaranteed interest rate for the term of the CD.
  • Interest is compounded and paid quarterly.
  • Monthly interest payments are available for CD’s of $5,000 or more.
  • Penalty for early withdrawal is nine (9) months.

36 Months and Greater 

  • Minimum opening deposit $500.
  • Guaranteed interest rate for the term of the CD.
  • Interest is compounded and paid quarterly.
  • Monthly interest payments are available for CD’s of $5,000 or more.
  • Penalty for early withdrawal is twelve (12) months.

No Penalty CD

With a No Penalty CD you have a guaranteed interest rate and access to your funds when you need it.

  • Minimum opening deposit $5000.
  • Guaranteed interest rate for one (1) year.
  • Interest is compounded quarterly.
  • Monthly or quarterly interest payments are available.
  • One no penalty withdrawal after seven (7) days.

CDARS®

The current standard FDIC insurance maximum is $250,000. Traditionally, if you had more than that, your excess funds were probably uninsured. Until now! We’re proud to offer CDARS, the Certificate of Deposit Account Registry Service®. With CDARS, you can access FDIC insurance on your CD deposits, up to $50 million*! Best of all, once you’re enrolled, there’s no cumbersome paperwork … we take care of it all and send you a comprehensive monthly statement. Simple and safe … the perfect savings plan.

Renewing Term

Certificates of Deposit are automatically renewable at the current rate at maturity.

Maturity Notice

Notices are mailed ten days prior to maturity.

Reinvestment Options

  • Interest compounded
  • Interest check
  • Direct deposit to deposit account

* Your earnings are guaranteed with our Certificates of Deposit and all deposits in Bank of Botetourt are insured to the regulatory maximum set by the FDIC.

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While many banks fixate on your finances, we’re here to put you first. Our mission is to be a trusted partner, delivering thoughtful advice and innovative yet easy-to-use products that genuinely enhance your everyday life.

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