CFG Bank:
Online Certificate of Deposit - 1.77% APY

• No additional deposits are permitted after initial deposit.
• The minimum balance for all CDs is $500, and the maximum deposit is $250,000.
• Fees could reduce the earnings on the account.
• These accounts are subject to an early withdrawal penalty.
• All accounts are subject to a 7 days interest penalty if withdrawal occurs within 6 days of account opening.


Fee and Feature Guide

Certificate of Deposit
Interest Rate
APY 1.77%
Term Length 12 Month
Minimum deposit amount $500.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $500.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $500.00
Fees
Early withdrawal penalty Six Months of Interest
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Statements
Paper Statements ×
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Customer Reviews for CFG Bank


  • June 9, 2022 |

    Online Savings Rates

    I might not recommend to someone outside Baltimore. Rates are great, but it is not the easiest website to use and bank is too small to give comfort. Not really a national bank.

  • May 16, 2022 |

    Online Savings Rates

    I get it. Rates are good and all of that, but the website is terrible. Cannot log in. Need to keep resetting password. Need to call if I want to make any sort of transaction in or out. Just not user friendly. Hate to run back to Synchrony or CIT because they don't compete on rates any longer, but I am going to check out the other consistent rate leaders and switch to something that really is a functional online account.

  • April 26, 2022 |

    Online Savings Rates

    easy,nice to work with but confusing website

  • April 7, 2022 |

    Online Savings Rates

    CFG is ok, but it really is no an online account.

  • February 1, 2022 |

    Online Savings Rates

    Product changes - savings to CD, maturing CD to savings, non-penalty CD to anything, etc - cannot be done online. Need to call and get forms emailed, sign, scan, and return. The rest of the experience may be fine, but without the ability to do this, it isn't an "online" bank.

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