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Get Our Best CD Rate

Maximize your earnings with a CD from First Bank of the Lake.

4.60%APY*
5 Month Term
4.54% APR

4.30%APY*
9 Month Term
4.23% APR

4.25%APY*
13 Month Term
4.18% APR

It only takes a minimum deposit of $5,000 to get started.
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Guaranteed returns.

Lock in a fixed rate and watch your money grow over the term of your CD.
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FDIC Insured.

Deposits are insured by the FDIC up to the maximum allowed by law.
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No Maintenance Fees.

Our accounts have no maintenance or online banking fees.

Calculate Your Earnings: See Your CD's Potential Today

Use this simple calculator to quickly discover the impressive returns you can achieve with our CD rates, tailored to your investment period.






Total Amount:

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Total Earnings:

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Have questions about CDs or need assistance?

Need more information or guidance on choosing the right CD? We're here to help! Reach out by phone for expert assistance tailored to your needs.

(888) 208-3146
Available Monday - Friday: 8:00 AM to 5:00 PM Central Standard Time excluding bank holidays.

Frequently Asked Questions About Certificates of Deposit (CDs)

Gain valuable insights into Certificates of Deposit (CDs) with this FAQ, designed to educate and guide you through the key aspects of CDs, ensuring you understand this investment option before committing your funds. 

  • What is a CD? Open or Close

    A Certificate of Deposit (CD) is a special savings account where you put your money for a set period, known as a term. Unlike regular savings accounts with changing interest rates, CDs offer a fixed interest rate, usually higher, helping you reach your savings goals quicker. But remember, you can't take out your money before the term ends without paying a penalty.

  • What is the difference between APY and APR? Open or Close

    APY (Annual Percentage Yield) includes the effect of compounding interest, showing the total interest earned in a year, while APR (Annual Percentage Rate) only shows the simple interest rate without compounding. This is why APY is usually higher than APR for the same product.

  • What are the requirements to open CD? Open or Close

    Age and Citizenship: You must be at least 18 and a U.S. citizen to apply.

    Information Required:

    Social Security Number
    Home address and a PO Box if needed
    Valid ID (Driver’s License, State ID, Passport, Military ID)
    Current email address
    Date of Birth
    Mobile Number
    Employer Name, Occupation, Annual Income
    Account and Routing Number of your current account for funding
    Access to Adobe Acrobat Reader for viewing disclosures

  • Can I add joint owners or beneficiaries to my CD? Open or Close

    Joint Owners: You can add one during the account opening. They will also need to provide personal information as listed above.

    Beneficiaries: Contact onlineaccount@fblake.bank or call 888-208-3146 to add beneficiaries.

  • Can I add more money to my CD? Open or Close

    You can't add funds to an existing CD but you can open new ones.

  • How does the interest on my CD work? Open or Close

    Less than 9 months term: Interest credited at maturity.
    9 months or more: Interest compounded and credited quarterly.

  • What happens at the end of my CD? Open or Close

    At maturity you have 10 days to either withdraw, open a different CD, or let it renew automatically. The renewed CD might have a different interest rate.

  • Can I take money out of my CD early? Open or Close
    • The early withdrawal penalty depends on your term.
    • For 3 to 9 months CDs: We may impose a penalty of $25 plus three months' interest.
    • For 12 to 18 months CDs: We may impose a penalty of $25 plus six months' interest.
    • For 24 to 48 months CDs: We may impose a penalty of $25 plus twelve months' interest.
    • For 60 months CD: We may impose a penalty of $25 plus eighteen months' interest.

      Note: Some CD terms might not be available online.

4558 Osage Beach Parkway, Suite 100  |  Osage Beach, MO 65065
Email: onlineaccount@fblake.bank  |  Phone: 888-208-3146

* Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. APY is accurate as of 7/10/2025. Rates subject to change at any time without notice. Minimum deposit to open an account is $5,000 and the maximum deposit is $500,000 per account. FDIC insurance is limited to the maximum allowed by law. Penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account. Personal and consumer funds only. No business or institutional funds allowed. Other restrictions may apply. The rates shown are only available for online accounts. Contact bank for details.

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