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NexTier CD Rates — Current Terms from 3 Months to 60 Months

NexTier Bank offers certificates of deposit at standard terms of 3, 6, 12, 18, 24, 36, and 60 months with a $1,000 minimum deposit. Promotional CD specials target specific terms — most commonly 18 months — with rate premiums above the standard schedule for deposits of $10,000 or more. Every NexTier CD locks in a fixed rate for the full term, is FDIC insured up to $250,000 per depositor per ownership category, and carries auto-renewal at maturity with a 10-day grace period during which you can modify, withdraw, or re-term without penalty. Early withdrawal before maturity triggers a penalty of 90, 180, or 365 days of interest depending on the original term length.

This page summarizes the current CD rate matrix across all available terms, explains how promotional specials differ from standard rates, and walks through the auto-renewal grace period and early-withdrawal penalty schedule so you can choose the right term before locking funds. For the deep-dive on CD laddering strategy, IRA CDs, and early-withdrawal penalty math, see the NexTier certificate of deposit guide. Call NexTier Bank customer service at +1-800-562-6262 for live rates and current promotional specials.

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NexTier Bank CD rates table showing terms from 3 to 60 months with example APY yields for standard and promotional specials

AI Summary — NexTier CD Rates and Terms

  • Standard CD terms: 3, 6, 12, 18, 24, 36, 60 months with $1,000 minimum deposit
  • Promotional specials target 18-month and other terms for $10,000+ deposits
  • Fixed rate locked for full term — no change with market conditions after opening
  • Auto-renewal at maturity with 10-day grace period to modify, withdraw, or close
  • Early withdrawal penalty: 90 days interest (terms ≤12mo), 180 days (13-36mo), 365 days (37+mo)
  • FDIC insured up to $250,000 per depositor per ownership category
  • IRA CD versions available at most terms with same rate as non-IRA CDs

Current NexTier CD Rate Matrix

Example CD rates across standard and promotional terms. Actual rates reset weekly — call +1-800-562-6262 for live rates before opening.

TermMinimum DepositExample APY*Early Withdrawal PenaltyExample Interest on $10,000 at Maturity
3 Month CD$1,0003.50%90 days interest$86
6 Month CD$1,0003.85%90 days interest$191
12 Month CD$1,0004.25%90 days interest$425
18 Month CD (Promo)$10,0004.75%180 days interest$720
24 Month CD$1,0004.10%180 days interest$837
36 Month CD$1,0004.00%180 days interest$1,248
60 Month CD$1,0004.15%365 days interest$2,256
IRA CD 12 Month$1,0004.25%90 days interest$425 (tax-deferred)
IRA CD 36 Month$1,0004.00%180 days interest$1,248 (tax-deferred)
IRA CD 60 Month$1,0004.15%365 days interest$2,256 (tax-deferred)

*Example APYs shown for illustration only. Actual rates reset weekly. Call +1-800-562-6262 for live rates and current promotional specials. FDIC insurance: FDIC.gov. Consumer protections: CFPB.

How Promotional CD Specials Work

Promotional CD specials sit alongside NexTier's standard rate schedule and follow a few consistent rules worth knowing before opening.

Minimum Deposit and Target Term

Promotional CDs almost always require a minimum deposit above the $1,000 standard — typically $10,000 is the promotional minimum. The target term is a specific month count — 18 months is the most frequently promoted term at NexTier, with occasional 13-month and 25-month promotions when market conditions favor them. Customers depositing less than the promotional minimum receive the standard rate at whatever term they select instead of the promotional rate. Customers meeting the minimum at the promotional term receive the full premium rate for the entire term.

Rate Locks and Auto-Renewal Behavior

Once opened, a promotional CD's rate is locked for the full term regardless of subsequent market changes or withdrawal of the promotional offer. At maturity, however, the auto-renewal defaults to the standard CD rate for the equivalent term — not the original promotional rate. If you want the promotional rate at renewal, act during the 10-day grace period and either re-term the CD manually or roll to a current promotional offer if one is still available. Review the maturity notice carefully to confirm the new rate before the grace period closes.

Standard CD Rate Schedule

The standard CD rate schedule resets weekly based on market conditions — primarily the Federal Reserve benchmark target rate and NexTier's deposit funding needs. Standard rates at shorter terms (3-6 months) track closer to the overnight rate, while longer-term rates (36-60 months) reflect longer-dated market yields. When the Fed is in a rate-raising cycle, short-term CD rates rise faster than long-term rates; when the Fed is cutting, short-term rates fall faster. The term with the highest rate at any given time is a signal of where NexTier expects to need deposit funding — choose term based on your liquidity needs, not rate speculation.

IRA CD Rate Treatment

NexTier IRA CDs are priced identically to non-IRA CDs at each term. The IRA wrapper adds Traditional or Roth tax treatment — Traditional IRA CDs grow tax-deferred with tax due at withdrawal, Roth IRA CDs use after-tax contributions and qualified withdrawals are tax-free. IRS contribution limits apply annually. Early withdrawal before age 59-1/2 may trigger a 10% IRS penalty in addition to the bank's early-withdrawal penalty. For a full IRA CD explanation see the CD strategy guide. Consult a tax professional for personalized guidance.

Auto-Renewal Grace Period and Early Withdrawal Penalty

Two CD mechanics deserve detail before you open — the maturity auto-renewal sequence and the early-withdrawal penalty schedule.

Maturity and 10-Day Grace Period

NexTier mails a maturity notice 30 days before the CD matures, listing the maturity date, the standard renewal rate, and grace-period options. On the maturity date the CD stops earning at the original locked rate and the 10-day grace period begins. During the grace period you can: (1) close the CD and withdraw funds without penalty; (2) change the term to a different length and lock a new rate; (3) change ownership structure (add or remove a joint owner); (4) add funds and re-open at the new balance; (5) roll to an IRA CD if eligible; or (6) take no action. If you take no action by day 10, the CD auto-renews to the same original term at the current standard rate (not promotional) effective from the maturity date.

Early Withdrawal Penalty Schedule

Early withdrawal before maturity triggers a penalty stated in days of interest. NexTier's penalty schedule: 90 days of interest for CDs with terms of 12 months or less; 180 days of interest for CDs with terms 13-36 months; 365 days of interest for CDs with terms 37 months or more. Example on a $10,000 24-month CD at 4.10% — the 180-day penalty equals roughly 180/365 × $410 = $202. If accrued interest at the time of early withdrawal is less than the penalty amount, the penalty reduces principal — you receive less than the original deposit. The penalty is waived only in specific circumstances disclosed in the CD agreement (typically death of the account holder or court-ordered adjudication of incompetence).

Choosing the Right CD Term

The best NexTier CD term depends on three inputs — the funds' liquidity horizon, your view on future rates, and the yield premium available at each term.

Match Term to Liquidity Needs

The single biggest CD mistake is picking the highest-rate term without considering when you might actually need the money. Early withdrawal penalties of 180 or 365 days of interest can erase most of the interest you would have earned — and reduce principal if accrued interest is below the penalty. A typical rule of thumb: for funds you are certain you will not need for X months, pick a CD term of X months or slightly longer to capture the yield. For funds you might need sooner, use Money Market or High-Yield Savings where yield is typically lower but liquidity is unrestricted. A ladder splits funds across multiple terms — see the CD strategy guide for detail.

Watch for Promotional Specials Before Settling

Before opening any CD, check the current promotional specials — the 18-month promo at $10,000+ frequently pays a rate premium of 40-80 basis points above the standard 18-month or nearby-term rate. On a $10,000 deposit that difference can add $100+ per year in interest. If your liquidity horizon is compatible with the promotional term, the promo is typically the best rate available across NexTier's deposit products. Promotional offers change regularly and can be withdrawn at any time. Call +1-800-562-6262 to confirm current offers before opening, or visit a NexTier branch to lock in a promotional rate on-the-spot. Regulatory oversight: OCC.

Open a NexTier Certificate of Deposit

Standard and IRA CDs open online in minutes with $1,000, or $10,000 for promotional specials. Questions about term choice, laddering, or early-withdrawal penalty math? Call NexTier at +1-800-562-6262 or see the CD strategy guide. Compare to Money Market and Savings for shorter-horizon alternatives.

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CD Rates Frequently Asked Questions

Answers on available terms, promotional specials, FDIC insurance, auto-renewal grace period, and early-withdrawal penalty.

What CD terms does NexTier offer?

Standard terms: 3, 6, 12, 18, 24, 36, and 60 months at $1,000 minimum. Promotional specials (commonly 18-month) at $10,000+ with rate premium. IRA CDs at most of the same terms. Current available terms and specials on the rate page or by calling +1-800-562-6262.

How do promotional CD specials work?

Limited-time rate premium above standard schedule, typically requiring $10,000+ deposit on a specific term (often 18 months). Rate locks for full term. Auto-renewal defaults to standard rate, not promo — act in the 10-day grace period to re-lock promotional rate if still available.

Are NexTier CDs FDIC insured?

Yes. FDIC insured up to $250,000 per depositor per ownership category. Individual, joint, and IRA CDs are separate ownership categories — a single customer can hold well over $250K combined by spreading across types. Use FDIC EDIE at fdic.gov for detailed coverage.

What happens at CD maturity and auto-renewal?

Maturity notice mailed 30 days ahead. On maturity date, 10-day grace period begins. During grace you can close, re-term, change ownership, add funds, or take no action. Day 11 auto-renews to same term at standard rate (not promo). Review maturity notice before grace closes.

What is the early withdrawal penalty?

90 days interest on terms ≤12 months; 180 days interest on 13-36 months; 365 days interest on 37+ months. If accrued interest is less than penalty, principal reduced. Penalty waived only in specific disclosed circumstances (typically death or court-ordered incompetence). Disclosed in CD agreement at opening.