4.75% APY1 2-Year Variable CD Offer

Our most innovative and flexible CD yet.

With our limited-time CD, you'll enjoy the perks of both a short- and long-term CD with access to your cash and high interest-earning power.  Withdraw ANY amount once every 90 days, penalty-free, or add additional funds anytime1 while earning big returns.

Account Opening Details

  • Only $1,000 minimum to open
  • Must meet relationship requirements

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Traditional Fixed-Rate CDs

Choose your term. Returns guaranteed.

6-Month CD
1.01% APY2

$1,000 minimum to open

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12-Month CD
2.01% APY2

$1,000 minimum to open

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24-Month CD
2.25% APY2

$1,000 minimum to open

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36-Month CD
2.75% APY2

$1,000 minimum to open

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60-Month CD
3.01% APY2

$1,000 minimum to open

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The BayFirst Difference

Save on your terms.

With only $1,000 minimum to open and 6- to 60-month CD terms available, you can easily build your savings your way and save securely.  
 

 Cash in on nationally competitive rates.

It pays to bank with us. Step up your returns and watch your balances grow with some of the nation's best rates.
 

Guarantee your returns.

Lock in a fixed-rate CD to avoid the risk of changes in the market, or take advantage of today's great rates with a variable-rate CD.

What's Next? Open securely in minutes.

  • Choose Your Term

    Select the CD term that best fits your needs.

  • Provide Your Info

    Submit some basic information and open your CD online or in person in under 10 minutes.

  • Transfer Funds

    Fund your CD by transferring funds from another bank safely.

    Open Now

Still have questions?

Certificates of Deposit FAQs

When you open a Certificate of Deposit (CD), you deposit a lump sum of money for a fixed term, ranging from a few months to several years. In return, the bank pays you an agreed-upon interest rate. At the end of the term (maturity), you can withdraw your initial deposit plus the interest earned, or you can roll it all over into a new CD.

A Certificate of Deposit (CD) typically offers a higher interest rate than a savings account in exchange for requiring your money to be deposited for a fixed term. Savings accounts offer more flexibility, allowing you to withdraw or deposit funds at any time, but usually at a lower interest rate.

Yes, CDs at BayFirst are insured by The Federal Deposit Insurance Corporation (FDIC) up to $250,000, making them a secure investment option.

With a fixed-rate CD, you typically cannot add more money once it has been opened. However, you can open additional CDs if you have more funds to invest. Our variable-rate CD allows for unlimited deposits.

If you withdraw your funds before your agreed-upon fixed-rate CD term is up or you exceed the specified number of penalty-free withdrawals with our variable-rate CD, you could incur a penalty. Be sure to review all product details and/or talk to a banker about your options. 

A fixed-rate CD offers a set interest rate for the entire term of the CD, providing predictable returns. A variable-rate CD has an interest rate that can fluctuate over time based on market conditions or a specific index. This means the returns on a variable rate CD can increase or decrease during the term, potentially offering higher returns but with more risk compared to a fixed-rate CD.


1 The Annual Percentage Yield (APY) of 4.75% is effective and accurate as of 9/20/2024. Rates subject to change quarterly after the account is opened and are based on the Prime Rate (Wall Street Journal as of 9/20/24 is 8.0%) minus 3.25%. Minimum balance to open account is $1,000. You have the ability to withdraw any amount of your funds once every quarter without penalty. Fees could reduce earnings. Must have an active BayFirst checking account with direct deposit and a minimum of 5 debit card transactions monthly to open. Advertised Annual Percentage Yield (APY) may change after maturity, applies to personal accounts only, and are accurate as of 09/20/2024. A penalty may be charged for early withdrawal. Fees could reduce earnings.

2 Advertised Annual Percentage Yield (APY) may change after maturity and are accurate as of 9/20/2024. Minimum deposit of $1,000. A penalty may be charged for early withdrawal. Fees could reduce earnings. 

BayFirst National Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a BayFirst customer, your BayFirst deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.