Take Advantage of a High-yield Certificate of Deposit (CD)

Earn 3.50% APY on a 10-month CD<sup>1</sup>

Earn 3.50% APY on a 10-month CD1

When you have extra funds that you wish to grow over time, a CD is a terrific option to give you peace of mind that your money stays safe during big market losses. Make the most of one of the best CD rates and guarantee a return higher than your typical savings account. Interest accrues, and paid to your account on a monthly basis - which you can view in your account with online and mobile banking.


  • $500 minimum to open a new CD at Northwest Bank
  • Insured by the FDIC for up to $250,000*
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Savings and CD Promotions

To open a new CD, visit your local branch and speak with a banker.

3.75% APY1

6-month

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3.50% APY1

10-month

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3.65% APY1

12-month

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Grow your money faster with a Northwest Certificate of Deposit!

Premium Interest Rates

Guarantee a return for the term of your choice - from one week to ten years - with interest rates typically higher than a savings account.

Secure Your Savings

Your savings are backed by Northwest Bank and insured by the FDIC for up to $250,0002

Fixed Rates That Grow

Interest compounds and is credited to your account. 

Waive Monthly Service Fees

Your savings balance can help waive monthly service fees on an Affinity Plus or Affinity Premier checking account

Additional features of a Northwest CD
  • No monthly service fees
  • View your account with online and mobile banking
  • Open an account at your nearest Northwest branch location
  • Auto-renew at maturity or cash out without penalty within the grace period

Roth or Traditional IRA CD

Our 18-month variable rate IRA CD can give you peace of mind as you plan for retirement. Deposits can be processed any time, in any increment up to the maximum contribution limit. Withdrawals can be processed during the 7-day grace period.

Visit a Northwest branch to learn more

Learn more about certificates of deposit (CDs) with these financial tips and tools.

Calculate the potential interest earned on a CD

Use our calculator to calculate the interest earned on a certificate of deposit based on the Annual Percentage Yield (or APY), which is the effective annual rate of return once the effects of compounding interest are factored in.

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Laddering strategies for CDs

With laddering, you take out several CDs, all with different terms. Ideally, you want your CDs to reach maturity at regular intervals. That gives you the choice at each maturation date to either withdraw funds, renew them for a new term or withdraw some and re-invest the rest.

Read the article

Is it time to use CDs for investing again?

Once again, CD rates are back on the rise, leaving people who have decided against them in the past to reconsider whether now might be the time to begin investing in CDs once again.

Read the article

1Rates effective as of 11/21/2025 and valid only for accounts opened in branches located in Armstrong, Allegheny, Butler and Washington, PA counties. Promotional Annual Percentage Yield (APY) 3.75% available on a 6-month CD, APY 3.50% available on a 10-month CD, APY 3.65% available on a 12-month CD, with $500 minimum of money deposited. Other rates and terms available. Available to new and existing personal and business Northwest Bank customers. Additional deposits can be made to the balance of the CD on the maturity date or during the seven calendar day grace period. You must maintain a minimum balance of $500 in the account each day to obtain the disclosed APY. Offer may be withdrawn or changed without notice. Substantial penalty for early withdrawal.

*FDIC insurance up to $250,000 per depositor for each ownership category. See bank for complete details. Northwest Bank is Member FDIC. Rev. 11/21/2025