Personal
Certificates of Deposit
A certificate of deposit (CD) is a smart, secure way to save at a fixed interest rate for a set period of time. Whether you’re planning for a future expense or looking to earn more than a traditional savings account, UCSB offers a range of CD options designed to fit your goals.
Lock in a competitive rate, enjoy predictable growth, and feel confident knowing your money is working for you.
Why choose a UCSB CD?
CDs are ideal when you know you won’t need immediate access to your funds and want the confidence of a guaranteed rate.
- Minimum opening balance of $500
- Higher yields than a typical savings account
- Fixed interest rate for your selected term
How a CD works
Choose your term, deposit your funds, and lock in a rate for the life of the certificate. At maturity, you can withdraw your balance or allow it to renew.
It’s a simple, low-maintenance way to build savings with confidence.
Account Details
Minimum Balance Requirements:
You must maintain the minimum deposit in the account every day to obtain the annual percentage yield (APY).
Balance Computation Method:
Interest is calculated using the daily balance method*.
Transaction Limitations:
No deposits or withdrawals are permitted until maturity, except during the 10-day grace period.
Early Withdrawal Penalties:
Early withdrawals may result in a penalty.
Renewal Policy:
CDs automatically renew unless withdrawn during the grace period.
*A penalty may be imposed for early withdrawal.
