Lock in a guaranteed rate with an RMO CD. Choose your term length and earn a fixed return on your deposit — a smart choice for money you don't need right away.
Tools and features to help you manage and grow your money.
Your rate is locked in for the full term — no fluctuations, no surprises.
Choose from short-term to long-term CDs to match your savings timeline.
Your CD deposits are insured through our partner banks for complete peace of mind.
CDs typically offer higher rates than standard savings, rewarding your commitment.
More than just an account — a membership that works for you.
Unlike market investments, your CD rate and return are guaranteed for the full term.
Terms from 3 months to 5 years let you ladder your CDs for ongoing access and earnings.
No market risk, no management needed — just deposit, wait, and earn.
RMO Bank offers a range of certificate of deposit (CD) products to help you lock in competitive rates and grow your savings on a predictable schedule. MyFixed CD — A traditional CD with a fixed APY for the full term. Choose from terms of 3, 6, 12, 24, 36, 48, or 60 months. The rate is locked in at opening, giving you certainty on your earnings. Minimum deposit of $500. MyFlex CD — Offers one penalty-free early withdrawal during the term, giving you flexibility if you need access to your funds. Available in 12- and 24-month terms with a competitive APY. Minimum deposit of $1,000. MyGrowth CD — Features a rising-rate structure where the APY increases at predetermined intervals during the…
When your RMO CD reaches its maturity date, you have several options. RMO will notify you through MyRMO and via email approximately 15 days before maturity so you can plan ahead. Your Options at Maturity: Automatic Renewal: By default, your CD will renew into a new CD of the same term length at the current APY. If you are satisfied with the terms, no action is needed. Withdraw Your Funds: Transfer your principal and earned interest to your RMO checking or savings account through MyRMO during the grace period. Change Your Term: Roll your funds into a different CD product or term length. For example, you could move from a 12-month MyFixed CD to a 24-month MyGrowth CD. Partial…
A CD ladder is an investment strategy that divides your deposit across multiple CDs with staggered maturity dates. This approach balances the higher returns of longer-term CDs with the flexibility of regular access to a portion of your funds. How the MyLadder CD Works: When you open a MyLadder CD with a minimum deposit of $2,500, RMO automatically splits your deposit across CDs with terms of 12, 24, 36, 48, and 60 months. As each CD matures, you can either withdraw the funds or reinvest into a new 60-month CD to keep the ladder going. Example: You deposit $10,000 into a MyLadder CD. $2,000 goes into a 12-month CD $2,000 goes into a 24-month CD $2,000 goes into a 36-month CD $2,000…
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