Certificates of Deposit

Ready to invest? Certificates of Deposit (CDs) are a stable, uncomplicated way to build wealth that make investing easy, flexible and secure.

Open Now Schedule Appointment 
Jump to a section:

CD DirectSave

Make investing turnkey thanks to CD DirectSave. Set up automatic deposits from your Blue Grass Federal checking account into a 6-month CD.

  • Minimum deposit: $25
  • Early withdrawal penalties may apply
  • Requires at least one electronic deposit per month, $25 minimum deposit
  • Increase contributions at any time
  • Seamless, simple investing
  • Account matures in 6 months

Use our calculator to see how investing in a CD can grow your money.

Open Now – CD DirectSaveSchedule Appointment – CD DirectSave

Long-Term CDs

Invest your money longer and earn even more.

  • Minimum deposit: $500*
  • 1-Year CD
  • 13-Month CD Special⁺
  • 18-Month CD **
  • 2-Year CD
  • 24-Month CD Special⁺
  • 3-Year CD
  • 36-Month CD Special⁺
  • 4-Year CD
  • 48-Month CD Special⁺
  • 5-Year CD

Use our calculator to see how investing in a CD can grow your money.

Open Now Long Term CDsSchedule Appointment Long Term CDs

*$500 Minimum deposit to open. Early withdrawal penalties may apply.
**Renewal Term is 18 months for the 18-Month CD.
***Renewal Term is 24 months for the 27-Month Jump CD.
⁺Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.

Short-Term CDs

Get competitive rates with a short-term commitment.

  • Minimum deposit: $500*
  • 3-Month CD
  • 3-Month CD Special+
  • 6-Month CD
  • 6-Month CD Special⁺
  • 9- Month CD
  • 9-Month CD Special⁺

Use our calculator to see how investing in a CD can grow your money.

Open Now – Short Term CDsSchedule Appointment – Short Term CDs

*$500 Minimum deposit to open. Early withdrawal penalties may apply.
⁺Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank.

Stay in Control with Online Banking

New and improved, online banking is a streamlined, secure and flexible way to make managing your money easier in ways you never knew you needed.

Learn More 

Let’s Help Your Money Grow

Invest the mutual way.

As a mutual bank customer, your money goes to work in our communities. Every dollar helps people buy homes and grow local businesses. It’s the mutual bank difference.

You’re not alone.

Saving can feel overwhelming, but we’re here to help you! You can always schedule an appointment to meet with a banker.
Schedule Appointment 

Helping You Invest Wisely

Gain access to articles, videos and tools, day or night.

Income-Based Student Loan Repayment Plans

Income-based student loan repayment plans are a type of payment plan where monthly payments are based on the borrower’s monthly income, allowing for borrowers with lower incomes to make lower…
View Resource

What to Know Before You Consider a Student Loan Debt Relief Company

For those who have just completed their education, the thought of paying back student loans can be daunting. According to U.S. News and World Report, the average bachelor’s degree holder…
View Resource

Finding Scholarships

The cost of a college education is not going down. According to the College Board, tuition and fees at an in-state public college averaged $10,940 for the 2022-23 academic year.…
View Resource

Relocating for Retirement

Many people save and plan all their lives with the full intention of relocating for retirement. While many have somewhere warm and tropical in mind, plenty of retirees are considering…
View Resource

Stretch Your Retirement Budget

You’ve worked hard all your life. You do not want to enter retirement worrying about how you are going to pay for medical costs, insurance, groceries and your other bills.…
View Resource

Saving Money on College Textbooks

College is an exciting and rewarding time. However, along with the great experience comes a wave of new fees and expenses. One of those expenses is the costs of textbooks…
View Resource

The Basic Principles of Retirement Planning

Are you saving enough for retirement? If you are like most U.S. residents, probably not. The Employee Benefit Research Institute’s 2022 Retirement Confidence Survey reports that slightly more than 7…
View Resource