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Certificates of Deposit

A certificate of Deposit (CD) can allow you to enjoy higher fixed interest rates while still having all the security of an FDIC-insured* savings account. And now, opening a CD is even easier than ever! It takes just minutes to open and fund a CD easily and securely online from your phone, tablet or desktop, anytime, anywhere.
  • Promotional CD

    Higher interest = bigger savings

    Turbo boost your savings with higher rates, and even bigger earnings.

  • Flex CD

    7 months of early withdrawals, fee-free

    Get the best of 2 great CDs! Enjoy 7 months with no penalties for early withdrawals, followed by 8 months at a great, fixed rate**. 

  • No Penalty CD
    Early withdrawals without the fees

    Got commitment issues? No problem! Withdraw your money at any time, and pay no penalties.

  • Standard CD

    Long- or short-term savings

    Go long, or go short, it’s all good! Open with a low deposit, and get flexible options for long- or short-term savings.

Estimate Your Savings

Calculated Results

APY
Estimated Interest Earnings

*The Federal Deposit Insurance Corporation (FDIC) is a US government corporation that insures the money in your accounts up to $250,000. Our CDs, checking accounts, savings accounts, and money market accounts are insured up to the maximum $250,000 per depositor, as allowed by law.

**Flex CD:  During Months 0 – 7, you may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account. During months 8 – 15, your early withdrawal fee will be $25 plus 3% of the amount withdrawn.

APY = Annual Percentage Yield

All rates are variable except CDs and may change after the account is opened. Fees may reduce earnings.

CD rates are fixed for the term of the CD. Unless otherwise stated, penalties are assessed for early withdrawals from Regular CDs. We reserve the right to limit the amount of deposit.

The rates above are applicable only to personal accounts. For business and other non-personal account interest rate information, please contact our ExpressBank.

  • Have your interest credited to your CD or a Bank of Oklahoma checking, savings or money market account.
  • Many of our CDs can be styled as Traditional or Roth IRAs.
  • In many cases, a Bank of Oklahoma CD can be used as collateral for a Bank of Oklahoma loan.
  • Get 0.10% higher interest rate with linked qualifying Premier Checking or Select Checking account.
    Bonus interest rate is not automatically applied and must be requested. Accounts are not automatically linked. Please notify your banker which accounts should be linked. If the linked checking account is closed for any reason, or the link with another account terminated for any reason, the bonus interest rate on the linked account will be discontinued and the interest rate provided by the terms of the agreement(s) governing the savings account, CD, or select FDIC insured IRA will become applicable.

Minimum balance requirements vary for different CD products:

  • $1,000 Standard CDs
  • $5,000 Promotional CDs
  • $5,000 No-Penalty CDs
  • $5,000 Flex CDs
Our CD accounts are set up to renew automatically when the term expires (the date of maturity), but we will send you a notification about your maturing CD 20 days before renewal. Effective the day after your date of maturity, you will have up to 10 calendar days to make changes to your account.

Frequently Asked Questions

Got questions? We've got answers. And, if you don't find what you're looking for, sign in to Online Access and visit our Actions and Tools menu to send us a Secure Message or call us at 800-583-0709.

There is no monthly fee for CDs.

Depending on your CD, you may be able to withdraw funds early without paying a penalty. Some CDs may charge a fee for early withdrawals. See your Simple Guide for specific details about your CD.

No Penalty CD

  • You may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account.

Flex CD:

  • Months 0 – 7: You may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account.
  • Months 8 - 15: Your fee will be $25 plus 3% of the amount withdrawn.

Promotional CD

  • Maturity Period is less than 365 days: Your fee will be $25 plus 1% of the amount withdrawn.
  • Maturity Period is 365 days or more: Your fee will be $25 plus 3% of the amount withdrawn.

Standard CD:

  • Maturity Period is less than 365 days: Your fee will be $25 plus 1% of the amount withdrawn.
  • Maturity Period is 365 days or more: Your fee will be $25 plus 3% of the amount withdrawn.

Please note:

  • The amount of your penalty may be deducted from principal.
  • Exceptions: We will waive the penalty if your request for withdrawal to close the CD occurs during the grace period, or if the depositor passes away or is judged legally incompetent.

For more information on early withdrawal penalties, please download our Agreements and Disclosures.

We offer very competitive interest rates. View our deposit rates for more information.

You may open your CD online in as little as 5 minutes, call our ExpressBank at 800-583-0709, or stop by one of our banking centers today.

Ready to Get Started?

* The Federal Deposit Insurance Corporation (FDIC) is a US government corporation that insures the money in your accounts up to $250,000. Our CDs, checking accounts, savings accounts, and money market accounts are insured up to the maximum $250,000 per depositor, as allowed by law.

** Flex CD: Months 0 – 7: You may withdraw all your money, including interest earned, without any penalties, any time after the first 7 days following the date you fund your account. Months 8 - 15: Your fee will be $25 plus 3% of the amount withdrawn.