Simply CDs

A Certificate of Deposit that’s one of our many customer focused innovations. It comes with a guaranteed yield, a maturity that suits your personal goals and can be opened for as little as $1,000.

Our Certificates of Deposit offer guaranteed yields, flexibility, and the safety of FDIC insurance. That’s because you lock in a rate that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.

We offer Certificates of Deposit in a broad range of maturities from 91 days to 60 months. Each of our Certificates of Deposit is designed with a particular goal in mind. For as little as $1,000, you can open your own CD.

  • $1,000 Minimum Deposit
  • Normal Terms offered from 91 days to 60 months
  • Special Terms can be offered from time to time
  • Interest can be paid by Compounding, Paper Check, or Transfer
  • Early withdrawal penalties may apply and fees may reduce earnings

Your investment is safe because SimplyBank CDs are backed by the Federal Deposit Insurance Corporation for up to $250,000 per individual – making them as safe as any investment in the world. Visit any branch or call our helpful staff to help you decide which CD will best meet your needs.

  • Interest begins to accrue on the business day you make the deposit.
  • Interest is calculated using the daily balance.
  • Interest does not capitalize on the 91 day CD.
  • Interest capitalizes on the 182 day CD at maturity only.
  • Some accounts will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty. If you elect a single maturity CD, interest will not accrue after the maturity date
  • After the account is opened, you may not make deposits into or withdrawals from the account until the maturity date. Special Certificates of Deposit with various features may be offered from time to time.
  • Penalties apply for early withdrawal and may reduce earnings.

Watch your money grow with a CD that’s simply straightforward and looks after your money.


Please Note

You must have a Social Security Number to open an account with SimplyBank. All customers must have their identity verified before opening an account. The following documents are acceptable for verification, if not expired and unaltered at the time of account opening. Only one form of identification is necessary to open an account.
Driver’s License – first choice of identification

  • A temporary, officially issued paper driver’s license is acceptable if less than 30 days old
  • Probationary Driver’s License
  • Learner’s Permit
  • State Non-Driver ID Card
  • US Passport • US Military ID
  • Permanent Resident Card/Green Card
  • Foreign Passport – with current entry stamp if not issued in the US


  • Any document listed above for individuals
  • Student ID Card
  • Birth Certificate
  • Insurance Card
  • Affidavit Attesting to Minor’s identity, signed by guardian

Go Paperless! Go Green!

Overdraft Service

Overdraft Service Is Now Available For Your ATM/Debit Card
Because it can happen to anyone…

Lost/Stolen ATM Card?

If your ATM/Debit card is lost or stolen, call (423) 365-8400 immediately. After hours, please call 1-800-791-2525 to receive immediate assistance.