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My MSB Certificate of Deposit

Keep Your Nest Egg Safe

Put your money aside for a fixed period of time and watch it grow.

My MSB Certificate of Deposit

Let Us Help You Grow Your Money

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
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More Details About My MSB Certificate of Deposit


FDIC Insurance

Additional FDIC Insurance is available for amounts over $250,000.2



Account holders can withdraw the interest earned on the account or leave the interest to compound.1

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Online and Mobile Banking

MSB Online can give you real-time updates on your Certificate of Deposit balance.

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MSB Online

Financial Tools

Our financial tools allow for greater control over your finances so you can bank with confidence. Securely connect all of your account to build your savings and get a look at your complete financial picture.

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?

To open a new certificate of deposit account online, you must be at least 18 years old and a Maine resident or an existing customer. Some additional information you will need includes:
  • 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.

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My MSB Checking

Help your money go further with an MSB checking account. Our FDIC-insured checking account offers 5 cents back on every debit card purchase and no monthly fees for a convenient way to enjoy greater financial freedom.

Learn More Learn more about MSB checking
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My MSB Savings

Start planning for the future today with a savings account from us. Our interest-earning savings account has no minimum balances and no monthly fees for an easy way to start saving.

Learn More Learn more about MSB savings
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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.

Learn More Learn more about MSB money fund
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