Certificate of Deposit
A Certificate of Deposit allows you to earn interest on your investment for a specified amount of time at a fixed or variable interest rate. The minimum deposit for a CD is $500. Los Alamos National Bank offers short-term CDs for as short of term as 90 days and long-term CDs for any term up to 5 years.
LANB Certificates of Deposit (excluding Jumbo CDs) are automatically renewed. That means that you don't have to do anything when your CD reaches the maturity date. We will reinvest it for you for the same term, at the interest rate that applies on the date your CD matured. You have 10 days to cancel the renewal and if you want to change the term and rate, we'll make it as of your original maturity date so your money never stops earning for you. See our Projected Earnings Calculator.
Penalties for Early Withdrawal
There are interest penalties for early withdrawal of funds on all CDs. Calculate your penalty in the case of an early withdrawal.