Investment Accounts

Certificates of Deposit

Certificates of Deposit are an important part of almost any financial plan. At Bay Community Bank, all of our CDs are FDIC insured and they are all competitively priced. Whether you are interested in a short-term CD or locking your money in for a longer term, Bay Community Bank has many different options, including our Convertible CD that allows you to re-price your CD, should rates climb. Take a look at some of our most popular CD products and give us a call or email us if you are interested in a different option. Bay Community Bank's trading area includes the city of Williamsburg and Newport News.

• Long-term savings contract with specified maturity date
• Variety of terms, renewable and convertible features
• Enhanced interest rates for seniors and preferred customers
• $1000 minimum balance to open
• Penalties may apply for early withdrawal
• Interest is credited monthly on CD's of $10,000 or more
• Interest is credited quarterly on CD's less than $10,000
• Enhanced rate for preferred customers who currently have two other types of deposit accounts with Bay Community Bank
• Enhanced rate for senior citizens, age 62 or older