cd savings accounts in Pennsylvania & maryland

Personal CD Accounts

A certificate of deposit (CD) is a low-risk investment that can create passive income for several months or years. CDs help you maximize returns without risk.

When you open a CD account, you put a certain amount of money into the account for a predetermined period. Your investment earns interest until it reaches the maturity date. At that time, you can take the original investment out along with all of the accrued interest. Typically, the longer the CD takes to mature, the more money you will make.

While you can't access your money before the term ends without incurring penalties, CDs enjoy higher yields than savings accounts. Certificates of deposit don't require any prior knowledge of investing or portfolio management. These accounts are low risk compared to other investments, which may generate variable return rates.

What Types of CD Accounts Do We Offer at Orrstown Bank?

We offer our clients in Central Pennsylvania and Maryland four types of high-yield CD accounts. Each one has unique advantages and may appeal to different investors based on their circumstances.

Compare CDs & IRAs

	Traditional	Jumbo	IRA
Potential Tax Benefits ¹
No Minimum Balance to Open	$500	$100,000	$500
Earns Interest
Early Withdrawal Penalty ²
FDIC Insured ³
Automatic Renewal at Maturity
No Monthly Service Fees
Interest Compounds
Flexible Terms

	Traditional	Jumbo	IRA
	Apply at a Branch >>	Apply at a Branch>>	Apply at a Branch >>

Note: APY is Annual Percentage Yield
¹ Please consult a tax professional to discuss benefits associated with these accounts.
² IRS imposed penalties also may apply in some cases. Please consult your personal tax advisor.
³ FDIC insured up to the maximum permitted by law.

The Advantages of Investing in CDs

CDs have many advantages for people looking to invest their money long-term or short-term. Many clients appreciate the predictable returns. From the start, you know how much you'll generate from a CD and can count on that money when you reach the end of the term. Other reasons for investing in CDs include:

Excellent security: Our CDs are backed by the FDIC.
Higher returns: Your money will earn more in a CD than if you let it sit in a savings account.
Outstanding options: We offer several types of CDs with varying terms, and we'll help you discover one that's right for you.

Why Choose Orrstown Bank for Your CD Investment?

Orrstown Bank has been your community bank for more than 100 years. We have served Central Pennsylvania and Maryland residents for decades, and we're a proud part of your community. We care about our neighbors and want to see you reach your investing goals. You can trust our team to help you make the right choices with your money and support you along the way.

Learn more about your options for CDs. Contact us today to discuss the possibilities.