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A Certificate of Deposit allows you to earn interest on your investment for a specified
amount of time at a fixed or variable interest rate. The minimum
deposit for a CD is $500. Los Alamos National Bank offers short-term CDs for as few as 7
days and long-term CDs for any term up to 5 years.
Automatic Renewals
LANB Certificates of Deposit (excluding Jumbo CDs) are automatically renewed. That means
that you don't have to do anything when your CD reaches the maturity date. We will
reinvest it for you for the same term, at the interest rate that applies on the date
your CD matured. You have 10 days to cancel the renewal and if you want to change the term
and rate, we'll make it as of your original maturity date so your money never stops earning
for you.
Penalties for Early Withdrawal
There are interest penalties for early withdrawal of funds on all CDs. See our
Penalty Calculator.
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