My MSB Certificate of Deposit
Keep Your Nest Egg Safe
Put your money aside for a fixed period of time and watch it grow.
When you open a CD with Machias Savings Bank, you can expect these features:
- Various term options
- $500 minimum balance to open
- Interest can be drawn or left to compound1
- Can pledge your CD account as collateral on a loan
- We will automatically reinvest your account at maturity if there are no changes made within 10 days
Curious How Much You Could Save Over Time? Find Out With Our Savings Calculator!
It’s easy to lose sight of the big picture when we get lost in the small savings deposits we make regularly, but compound interest makes a big impact over time. Get an estimate of the future value of your savings with this calculator!
Frequently Asked Questions
If you do not see an answer to your question or would like to learn more, we encourage you to visit our Customer Support page.
What Do I Need to Apply for a Certificate of Deposit Account Online?
- Physical address
- Valid Driver's license or state-issued ID
- Social security number
- Email address
- Mobile phone number
Our Disclosures
1 Certificate of Deposit early withdrawal penalties may apply and reduce earnings on the account.
2 Certificate of Deposit Account Registry Service Machias Savings Bank is pleased to be a participating member in the Certificate of Deposit Account Registry Service (CDARS). As a member of this service, Machias Savings Bank is able to offer clients a single financial institution in which to place their certificates of deposit that exceed the FDIC insured limit. With CDARS, Machias Savings Bank opens the client’s CD in the desired term, in amounts above of $250,000. Available FDIC coverage is then borrowed from other association banks across the country in order to insure the client’s full CD amount for the entire term of the CD. This system enables clients to maintain CDs at one financial institution instead of spreading them across multiple banks in order to take advantage of FDIC coverage.
My MSB Checking
Open a My MSB Checking account with no minimum balance or monthly fees. Enjoy banking that’s easy and straightforward, designed with you in mind.
My MSB Savings
MSB makes savings simplified with our savings account. High account balances result in increased interest rates to help you reach your financial goals sooner. Enjoy unlimited transactions and no minimum balance or monthly fee.
My MSB Money Fund
Grow your money and enjoy easy access when you need it. The higher your deposit balance, the more interest you earn, and you can make in-person or online transactions whenever you need to.
