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Certificates of Deposit (CDs)

Limited Time Offers: Give power to your savings with our FDIC-insured 25-Month Certificate of Deposit special at 2.25% APY1 or our 35-Month Certificate of Deposit special at 3.50% APY2. By getting the best rate on your balance, you're taking an important step on your financial journey and will enjoy the benefits of saving for years to come. Open at one of our locations, by phone at 844-711-2265 or online.

Certificates of Deposit are the perfect way to invest and grow your money without losing sleep over the negative effects of up and down markets. Just choose the amount you’d like to invest, choose your term and your money will be ready when you are ready to put it to use.

Benefits of Investing in CDs

  • Rest easy knowing your money is protected by the security of FDIC insurance up to the maximum limits
  • Know exactly how much money you'll earn with fixed terms from 90 days to 60 months and fixed interest rates
  • Put your earned interest to work - re-deposit it into your CD or transfer it to a First Commonwealth checking or savings account each month. Your money. Your choice.
  • Leave it in for the full term to maximize your investment and avoid any penalties for early withdrawal
  • Add your bank CD to your relationship statement so your financial picture is in one place

Minimum Purchase

  • $2,500 for terms less than 1 year
  • $500 for terms greater than or equal to 1 year

View our current CD rates, visit your local community office or call us at 844-711-BANK (2265).

 

1 A 25 Month Certificate of Deposit (CD) promotion is offered with a 2.25% Annual Percentage Yield (APY) and 2.23% interest rate. Interest compounded monthly; the Annual Percentage Yield (APY) assumes interest remains on deposit until maturity, any withdrawals of interest will reduce earnings. The CD will automatically renew into a 25 Month CD with the interest rate offered at the time of maturity. The minimum amount required to open the promotional account is $10,000 with a maximum deposit of $500,000. The minimum amount of new money required is $10,000, which is defined as money that has not been on deposit in any First Commonwealth Bank account in the last 30 days. The minimum amount required to obtain the APY is $0.01. This offer is available to personal and business customers with an existing or new First Commonwealth Bank checking account. This offer is not available for institutional investors, corporate funds or public fund accounts. APY of 2.25% and interest rate of 2.23% is accurate as of September 26, 2022. The account is FDIC insured up to the maximum allowable limit. For more information about FDIC insurance limits please visit https://www.fdic.gov/deposit/deposits/. Fees may reduce earnings on the account. Penalty for early withdrawal may apply. Offer subject to change or withdrawal at any time.

2 A 35 Month Certificate of Deposit (CD) promotion is offered with a 3.50% Annual Percentage Yield (APY) and 3.45% interest rate. Interest compounded monthly; the Annual Percentage Yield (APY) assumes interest remains on deposit until maturity, any withdrawals of interest will reduce earnings. The CD will automatically renew into a 35 Month CD with the interest rate offered at the time of maturity. The minimum amount required to open the promotional account is $10,000 with a maximum deposit of $500,000. The minimum amount of new money required is $10,000, which is defined as money that has not been on deposit in any First Commonwealth Bank account in the last 30 days. The minimum amount required to obtain the APY is $0.01. This offer is not available for institutional investors, corporate funds or public fund accounts. APY of 3.50% and interest rate of 3.45% is accurate as of November 1, 2022. The account is FDIC insured up to the maximum allowable limit. For more information about FDIC insurance limits please visit https://www.fdic.gov/deposit/deposits/. Fees may reduce earnings on the account. Penalty for early withdrawal may apply.  Offer valid for accounts opened November 1, 2022 through December 16, 2022. Offer subject to change or withdrawal at any time.