Certificates of Deposit (CDs)

Our Certificates of Deposit can help you reach your short- and long-term investment goals.

Lock-in a rate and term
Short- and long-term CDs meet a variety of needs
FDIC insured up to maximum allowable limits
Access to additional FDIC coverage through the IntraFi Network Deposits CD Option (formerly CDARS®)

Banking is better with guaranteed rates of return and the peace of mind that comes with FDIC insurance. Look no further than a Burke & Herbert Bank CD.

Your savings are secure with these smart investment options

Certificates of Deposit

We offer a wide variety of CD products with various rates and maturity options to meet your savings and investment goals. Choose a short-term CD, with terms from 90-days to 12 months, or a long-term CD, with terms up to 84 months.

$1,000 minimum balance to open ($500 for retirement CDs)
Fixed interest rate and annual percentage yield (APY) provide guaranteed returns
CDs renew automatically at the end of the term with options to choose another term, add funds, or move funds to a different product during the 10 calendar day grace period from maturity
CD balances are FDIC insured up to the maximum allowable limits providing security and peace of mind

IntraFi Network Deposits CD Option

Burke & Herbert Bank cares about protecting your hard-earned money as much as you do. That’s why we offer the IntraFi Network Deposits CD Option (formerly Certificate of Deposit Account Registry Service or CDARS®), giving you convenient access to multi-million-dollar FDIC insurance coverage on CD investments. When you take advantage of the CD Option deposit placement service with us:

Funds are placed in CDs issued by banks that are members of the IntraFi network in amounts less than the standard FDIC maximum ($250,000)
CD balances (principal and interest) are eligible for FDIC coverage
One convenient statement summarizes your CD Option account relationship

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Smart Saving at Burke & Herbert Bank

Financial experts agree that saving money is important – whether it’s for a specific short-term need or longer-term goal. Plus, it’s critical to have some savings set aside for unexpected expenses. Choosing a combination of savings options such as CDs for funds you do not need to access in the near term, and a money market account that lets you access your funds whenever you wish, can be a smart choice.

Talk to us to learn more.

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IRAs

Savings Accounts