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.

Will Your Choice of Major Payoff Financially?

Choosing a college major can be intimidating. You are making a commitment about what you think you will want to do for the rest of your life at a time…
View Resource

Maximizing Your Financial Aid Package

There are times when you want to make yourself look poorer — legally, of course. One of those times? When you are helping your children apply for financial aid for…
View Resource

Special Situations to Consider Before Starting Social Security

It makes financial sense to wait to collect your Social Security benefits until you hit full retirement age: 66 if you were born between 1943 and 1954 and as old…
View Resource

Traditional 401(k) vs Roth 401(k)?

Contributions to a Traditional 401(k) plan are made on a pre-tax basis, resulting in a lower tax bill and higher take home pay. Contributions made to a Roth 401(k) are…
View Resource

Understanding Student Loans

Your son has picked his college. Your daughter has chosen her major. Your children have even picked out their mini-fridges and microwave ovens for their dorm rooms. However, what about…
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

401(k) Calculator

A 401(k) account available through your employer is one of the best methods for building retirement savings. There are two key advantages. First, any contributions made to your 401(k) now…
View Resource