Ripple Effect CD

At Charles River Bank, your deposits are insured in full through a combination of coverage from the Federal Deposit Insurance Corporation (FDIC) and Depositors Insurance Fund (DIF). Learn more about Deposit Insurance.

**The Annual Percentage Yield (APY) stated assumes the required minimum balance and interest earned is kept on deposit for the 9 month term of the Certificate of Deposit (CD).  The APY is effective as of March 20, 2024 and subject to change without notice.  Minimum deposit to open a Ripple Effect 9 Month CD is $1,000.  All funds deposited into the CD must originate from another financial institution. You must also open or maintain a Charles River Bank personal checking account with at least one Qualifying Service for the 9 month term of the CD. One Ripple Effect 9 Month CD per tax ID owner. A penalty may be imposed for early withdrawal.  Fees may reduce earnings. At the end of the original 9 month term, the Ripple Effect 9 Month CD will convert to a standard 6 month CD and the rate may change.