Certificates of Deposit and Individual Retirement Account CDs


Looking for a secure investment with a predictable rate of return? First Command Bank offers Certificates of Deposit with highly competitive rates and terms ranging from 30 days to three years, backed by federal deposit insurance up to specified limits.

CD Features / View current interest rates

  • Available maturities: 30 days, 90 days, 182 days, one year, 18 months, two years, three years1
  • Competitive, tiered interest rates2
  • Automatic renewal at maturity, with 10-day grace period after maturity to avoid early withdrawal penalty3
  • FDIC insured up to specified limits 4

Traditional IRA-CDs / View current interest rates

IRA-CDs offer the security and predictability of a Certificate of Deposit plus the tax benefits of an Individual Retirement Account. With a First Command Traditional IRA-CD, your contributions may be tax-deductible in the tax year for which they're made, and earnings are tax-deferred until they're withdrawn. You're eligible to establish a traditional IRA if you're under the age of 70½ for the entire year and have earned income. IRA-CDs are backed by federal deposit insurance up to $250,000.

  • Available maturities: 30 days, 90 days, 182 days, one year, 18 months, two years, three years5
  • Competitive, tiered interest rates2
  • Automatic renewal at maturity, with 10-day grace period after maturity to avoid early withdrawal penalty3
  • Start making IRS penalty-free withdrawals at age 59½.6
  • FDIC insured up to specified limits 4

1Requires $1,000 minimum opening deposit
2Interest paid monthly on balances of $10,000 or more, quarterly on balances below $10,000
3Early withdrawal penalty equal to one month or three months interest, depending on term of CD
4 First Command Bank has chosen not to participate in the FDIC’s Transaction Account Guarantee Program. Customers of First Command Bank with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC’s general deposit insurance rules.
5For IRA-CDs with maturities of less than 90 days, and for initial deposits of less than $1,000, a $25 setup fee will apply.
6Any earnings and deductible contributions taxed as ordinary income at withdrawal. Withdrawals made prior to age 59½ may be subject to a 10% tax penalty. Please check with your tax advisor for the proper handling of any taxable event.