Skip to main content Go to Personal Online Banking Go to Business Online Banking

Certificate of Deposit

A certificate of deposit (or CD) is an account which you agree will remain on deposit with Bank First for a specified period of time. The following terms are offered and listed below with their respective minimum balances.

Regular Term Options

6, 12, 18, 24, 36, 48, 60 months

Minimum Deposit

$1,000 for all regular CD terms

Interest rate is fixed for the entire term. Depositor insured by FDIC limits. Penalty will or may be imposed for early withdrawal. Fees may reduce earnings.


Through the CDARS service, you can access FDIC protection on multi-million dollar CD investments through Bank First. CDARS can be a valuable cash management or longer-term investment tool for you.1

CDARS is a great solution for:


How does CDARS work?

Bank First is 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 $100,000 – 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?

With CDARS, 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.In addition, you can eliminate the need to monitor changing collateral values – another time saving convenience. Of course, your confidential account information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our branches, or call for more information.

Some content requires Adobe Acrobat Reader to view.