Maximize your savings


Already have a Velo Premier Checking Account? Open a Velo CD today to lock in a great rate and earn steady returns.

Features

  • Fixed interest rates; Compounded daily
  • No opening or maintenance fees
  • $1,000 minimum balance
  • Flexible terms from 32 days to 5 years
  • FDIC insured up to $250K per depositor, per insured bank, for each account ownership category

Earn more with Velo

Compare our rates with other major U.S. banks

12 month CD

$10,000 Opening Deposit

Key Notes:

Competitor comparison information obtained from Informa Research Services, Inc. and is accurate as of 07/25/2019. APYs(Annual Percentage Yield) assume a $10,000 deposit to open. Early withdrawal penalties may apply. Although the information provided by Informa Research Services, Inc. has been obtained from the various institutions, the accuracy cannot be guaranteed.

How do CDs work?


A CD is an interest-bearing account, where funds must remain in the account for an agreed upon period of time, or “term”. You choose the investment term that works best for you – with the Velo CD offering terms ranging from 32 days to 5 years. Early withdrawal penalties will apply if funds are withdrawn before term maturity.

Generally, CD accounts let you earn a higher rate of return on money you know you won't need for a while. The fixed interest rate is guaranteed for the term of the CD if funds remain in the account until term maturity, making CDs a great low-risk investment option.

Want to learn more?

Read FAQ's

How do CDs Work?

A CD is an interest-bearing account, where funds must remain in the account for an agreed upon period of time, or “term”. You choose the investment term that works best for you – with the Velo CD offering terms ranging from 32 days to 5 years. Early withdrawal penalties will apply if funds are withdrawn before term maturity.

Generally, CD accounts let you earn a higher rate of return on money you know you won't need for a while. The fixed interest rate is guaranteed for the term of the CD if funds remain in the account until term maturity, making CDs a great low-risk investment option.

Want to learn more?

Read FAQs

How to apply?


You must have a Velo Premier Checking account to be eligible for a Velo CD

  1. Login to the Velo App and select Velo CD from “Explore Products” under the “My Velo” menu

  2. Select the CD opening deposit amount and term that best suit your needs.

  3. Confirm your contact information, submit your application and fund your CD from your Velo Premier Checking account – all within minutes.

  4. Check your email for your new CD confirmation, and you’re all set.