Terms Available

91 Day
182 Day
1 Year
2 Year
3 Year
5 Year
7 Year
10 Year

Certificates of Deposit

Dearborn Federal Savings Bank offers a wide variety of fixed rate certificate of deposit accounts that will allow your money to work for you. These various investment terms will make it easy for you to find the solution that best meets your savings goals by locking into a fixed interest rate for a specific period of time. You can earn even a higher rate of return by transferring interest payments to a Dearborn Federal Savings Bank savings account.  There's simply no better place to bank than Dearborn Federal Savings Bank.  So call or stop in today and speak with any of our courteous, knowledgeable representatives to find out which product is right for you and experience “Excellence in Community Banking”.

  • $500.00 minimum opening deposit  
  • Guaranteed fixed rates of interest
  • Jumbo Certificates of Deposit available.
  • Interest compounded at maturity for 91 day and 182 day certificates; interest compounded annually for 1 to 10 year certificates.
  • Interest earned can be added to the certificate account, paid by check or transferred to a Dearborn Federal Savings Bank savings or checking account     
  • Automatic renewal for same term at maturity
  • Withdrawals from the account prior to the maturity date are subject to an early withdrawal penalty
The Interest Rate and Annual Percentage Yield may change after account opening. Fees could reduce earnings on the account. All accounts insured by the FDIC to the maximum amounts allowed by law based on account ownership.