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.
Learn More about us

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.

Employer-Sponsored Repayment Programs

Certain companies and government agencies offer benefit programs as part of their employment to assist employees in paying off their student loans. Employers can offer employees up to $5,250 as…
View Resource

Catching Up Tips for Retirement

You did not begin saving for retirement early enough. Now you are in your 40s or 50s, and you’ve barely saved anything for your post-work years. Fortunately, you can take…
View Resource

Student Loan Repayment Options

You’ve graduated from college with a new degree and lots — a whole lot — of student-loan debt. The good news is that depending on the type of loans you…
View Resource

Down-Size Your Home, Right-Size Your Life

You are attached to your home. That is natural: Your children grew up in this home. You spent long hours with your spouse in this home. You’ve celebrated holidays, anniversaries…
View Resource

Minimizing College Application Expenses

From the minute you become a parent, you know how essential it is to start a college fund for your little one. And, indeed, starting a college fund while your…
View Resource

In Retirement

Ready to test your knowledge? You’ll have ten multiple choice questions to answer. Click on each question to reveal the question and multiple choice answers. After you’ve completed answering all…
View Resource

How Community Colleges Save You Money

According to EducationData.org, as of October 2022, Americans owe $1.745 trillion in student loan debt. That is how profound the student debt problem in the U.S. has become. To put…
View Resource