- Checking, Money Market and Savings Accounts can be funded by ACH, Personal Check, Money Order, or Wire.
- Will I be charged for the incoming wire?
- You will not be charged for the first initial incoming wire to fund the account, but any wires after the initial wire, we will be charging an $18.00 fee
- Will I be charged for the incoming wire?
- Certificate of Deposits can be funded by Personal Check, Money Order, Wire, or through Plaid (opening online only).
- Will I be charged for the incoming wire?
- No, you will not be charged for any wire to fund a CD.
- Will I be charged for the outgoing wire after the CD matures?
- No, you will not be charged.
- Can I wire the CD funds to a different bank from what I originally funded the CD with?
- We only wire back to the bank you originally sent the wire from to fund the CD.
- Will I be charged for the incoming wire?
šø CD Specials as high as 4.20% APY*. Click to see rates and full details.
Certificate of Deposit (CD)
Enjoy a competitive fixed interest rate and choose a term that fits your financial goals, whether you're saving for the short term or planning for the future.
- Open a CD online nationwide or at any branch
- Flexible terms ranging from 3 months to 8 years
- $2,000 minimum opening deposit (excludes Kid's CD)
- No setup or maintenance fees
What is a CD?
A Certificate of Deposit (CD) is a savings option that lets you earn a fixed interest rate for a set period of time. In exchange for leaving your money on deposit until the CD matures, you'll typically earn a higher return than a traditional savings account. If funds are withdrawn before maturity, an early withdrawal penalty may apply.
What are CD Rates?
CD rates are the fixed interest rates you earn on your deposit over the selected term. Your rate is locked in when you open the CD, so your earnings won't change during the term. At maturity, you'll receive your original deposit plus the interest you've earned.
How to Get Started
Browse Luana Savings Bank's current high-yield CD rates and choose the term that best fits your savings goals. Fund your CD online or visit us and watch your savings grow with a fixed rate. When your CD matures, you can renew it, move the funds to another account, or withdraw your money during the 10-day grace period.
Featured CD Specials
Effective Date: July 30, 2026
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 6 Month | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| 12 Month | $2,000 to $99,999.99 $100,000 and above |
3.90% 4.05% |
3.94% 4.09% |
| 17 Month | $2,000 to $99,999.99 $100,000 and above |
4.01% 4.15% |
4.05% 4.20% |
Certificate of Deposit Rates
Effective Date: July 30, 2026
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 3 Month | $2,000 to $99,999.99 $100,000 and above |
3.55% 3.70% |
3.60% 3.75% |
| 6 Month | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| 12 Month | $2,000 to $99,999.99 $100,000 and above |
3.90% 4.05% |
3.94% 4.09% |
| 12 Month KIDS CD & 2 Add-Ons** | $500 and above |
3.90% | 3.94% |
| 18 Month | $2,000 to $99,999.99 $100,000 and above |
3.90% 4.05% |
3.94% 4.09% |
| 24 Month | $2,000 to $99,999.99 $100,000 and above |
3.90% 4.05% |
3.94% 4.09% |
| 30 Month | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 36 Month | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| 42 Month Step-Up | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| 48 Month | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| 5 Year | $2,000 to $99,999.99 $100,000 and above |
3.85% 4.00% |
3.89% 4.04% |
| 6 Year | $2,000 to $99,999.99 $100,000 and above |
3.70% 3.85% |
3.73% 3.89% |
| 7 Year | $2,000 to $99,999.99 $100,000 and above |
3.70% 3.85% |
3.73% 3.89% |
| 8 Year | $2,000 to $99,999.99 $100,000 and above |
3.70% 3.85% |
3.73% 3.89% |
Kid's 12 Month Certificate of Deposit
Give your child's savings a strong start with a Kid's Certificate of Deposit (sometimes referred to as a Youth CD Account.) With a competitive fixed interest rate, it's a safe and simple way to help their money grow while teaching the value of saving for the future. It's an easy first step toward building smart financial habits and reaching long-term goals.
- To qualify, the individual must be 18 years of age or younger.
- Two additional deposits may be made during the 12 month term; minimum deposit of $100 required for each deposit.
Kid's CD Rates
Effective Date: July 30, 2026
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 12 Month & 2 Add-Ons** | $500 and above To qualify the individual must be 18 years of age or younger. Two additional deposits may be made during the 12 month term; minimum deposit of $100 required for each deposit. |
3.90% | 3.94% |
*APY (Annual Percentage Yield). Rates and terms may change without notice. Early withdrawal penalties may apply. Fees may reduce earnings.
**To qualify, the individual must be 18 years of age or younger. Two additional deposits may be made during the 12 month term; minimum deposit of $100 required for each deposit.
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Open a CD Online in Minutes
Benefits of a CD
Looking for a safe way to grow your savings? A Certificate of Deposit (CD) lets you lock in a competitive fixed rate for a specific term, providing predictable earnings and peace of mind. Open a CD online from anywhere in the U.S. No branch visit required!
Guaranteed Returns
Lock in a competitive fixed rate with no monthly fees, so you'll know exactly how much your savings will earn.
Safe & Secure
Your deposits are FDIC insured up to applicable limits, giving you confidence that your money is protected.
Higher Earnings
Earn more than a traditional savings account with competitive rates and predictable growth.
Flexible Terms
Choose from a variety of CD terms to match your savings goals and timeline.
Certificate of Deposit Calculator
All certificates are compounded semi-annually, except 3-month and 11-month certificates.
Calculator is provided as-is solely to estimate potential rates, fees, and costs. Calculator is made available as a self-help tool and examples are hypothetical. Calculator is not intended to provide investment or tax advice. CD calculator is provided as-is solely to estimate potential earnings. Please note that this calculator generates an estimate, and may not represent actual earnings due to input or calculation error.
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Frequently Asked Questions (FAQ)
Does Luana Savings Bank open āout of state" accounts?
- Yes, we open āout of stateā CD accounts.
- Unfortunately, we do not open āout of stateā IRA/HSA accounts.
The early withdrawal penalty we impose is half of the CD term. (Ex. 48 month CD will have an early withdrawal penalty of 24 months of interest.)Ā Ā
What happens when my CD renews?
- You will receive a CD Renewal Notice plus a āTruth in Savingsā (TISA) 30 days prior to maturity.
- The following terms are important to read on your notice and TISA:
- There is a 10-day grace period after maturity to either:
- Roll over to current term
- Make any changes (withdrawal money or add money)
- Close CD & open in a new term
- Close CD to bank money
- New maturity date of the CD, if you let CD roll over.
- CD Penalty, if you would close it after the 10-day grace period.
- There is a 10-day grace period after maturity to either:
- The following terms are important to read on your notice and TISA: