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Certificates of Deposit

If you're looking for a competitive rate and a secure way to invest, our Certificates of Deposit or CDARS® may be the perfect way for you to meet your financial goals. Minster Bank offers a variety of terms and rates to help you find the perfect fit with one of these fixed investments. 






Certificate of Deposit






This savings plan is ideal if you are looking for...



Funds to set aside for a period of time & earn a guaranteed rate of return


Coverage beyond FDIC*

How is interest compounded?

Daily Daily

How is interest determined?


Fixed Rate
Based on tiers:
$100,000 or more


Fixed Rate
Based on tiers:
$100,000 or more

How often is the interest paid?

or annually if CD is under $10,000.
Monthly, Quarterly, Semi-Annually, or
Annually if CD is $10,000 or more

At Maturity, Month end, Quarter end,
Semi-Annually, or Year end

What are the terms or time frame required?

6 months to 5 years 4 weeks to 3 years

What is the minimum to open the account?

$1,000 $50,000

Any charges?


Interest penalty may apply for early withdrawal


Interest penalty may apply for early withdrawal


*Terms and conditions apply




Looking for a way to keep large deposits safe?  Ask us about CDARS®.  It's a great solution for individuals, businesses, and nonprofit organizations.

With CDARS®, you can access FDIC protection on multi-million dollar CD investments through Minster Bank.  There are few guarantees in life - FDIC insurance is one of them.  CDARS can be a valuable cash management or longer-term investment tool for you.1



It's one-stop shopping.  With help from CDARS®, you can access:

Safety - Your money can access multi-million dollar FDIC insurance coverage. 

Convenience - You work directly with us.  You earn one interest rate and receive one regular statement, and one year-end tax form.

Community Investment - The full value of your money can support lending opportunities in your local community.2

CD-Level Rates
- Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.


How does CDARS® work?
We are a member of a special network.  When you place a large amount with us, we place your funds into CDs issued by other banks in the same network - in increments of less than the standard FDIC insurance maximum- so that both principal and interest are eligible for complete FDIC protection.  As a result, you can receive coverage from many banks while working with just one.
These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank.  As a result, we can make the full amount of your deposit available for community lending purposes.2


What else should I know? 
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements.  This reduces your administrative burden, especially during tax and financial reporting seasons. 

And with CDARS®, you can eliminate the need to monitor changing collateral values - another time saving convenience. 

Of course, your confidential account information remains protected. 


Additional Materials

How CDARS Can Work For You

Simple, Easy CDARS Experience


For more information about a Minster Bank Certificate of Deposit or CDARS, stop by any branch location, call 866-MINSTER or submit a contact us form.  


1 Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Minster Bank. The agreement contains important information and conditions regarding the placement of funds by us.


2 This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.


CDARS is a registered service mark of Promontory Interfinancial Network, LLC.


Minster Bank
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