Investors are always in search of some stable and reliable avenues to grow their wealth. One such time-tested option for investors that continues to stand the test of economic fluctuations is the Certificate of Deposit. For those considering a secure and low-risk investment strategy, Cornerstone Bank emerges as a noteworthy contender in the competitive realm of CD rates offerings.

To support this point of thought, here is the quick guiding overview stated next regarding the CD plans of Cornerstone Bank.

Cornerstone Bank CD Rates Offers

The prevalent offers by Cornerstone Bank are given below;

8 Month Certificate

Key Features

·         Minimum to Open: $500.00

·         Minimum to Earn APY: $0.01

·         Annual Percentage Yield (APY): 1.75%

·         Interest Rate: 1.75%


Investors can benefit from the fixed interest rate over the 8-month term, making it an attractive option for individuals looking to capitalize on a relatively quick return without exposing themselves to long-term commitment.

Pros & Cons

Competitive APY of 1.75%Shorter investment horizon
Accessible with a $500 minimum depositLimited time to capitalize on interest
Fixed interest rate for stability

12 Month Certificate

Key Features

·         Minimum to Open: $500.00

·         Minimum to Earn APY: $0.01

·         Annual Percentage Yield (APY): 3.00%

·         Interest Rate: 2.96%


Reliable for those who are seeking a slightly longer investment horizon.

Pros & Cons

Attractive APY of 3.00%Moderate term may not suit all investors
$500 minimum depositSlightly longer commitment required

18 Month Certificate

Key Features

·         Minimum to Open: $500.00

·         Minimum to Earn APY: $0.01

·         Annual Percentage Yield (APY): 3.25%

·         Interest Rate: 3.20%


The fixed interest rate of 3.20% ensures a competitive edge, making it an appealing option for individuals looking to secure a stable and predictable growth of their investment.

Pros & Cons

Competitive APY of 3.25%Longer commitment compared to shorter terms
May not provide highest returns in the market

Are Cornerstone Bank CD Rates Competitive?

Cornerstone Bank’s CD rates demonstrate competitiveness in the current market. Across various terms, ranging from 8 months to 18 months, the bank offers Annual Percentage Yields (APYs) that compare favorably with industry standards.

The rates, such as 1.75% for the 8-month CD, 3.00% for the 12-month CD, and 3.25% for the 18-month CD, position Cornerstone Bank as a compelling choice for investors seeking stable returns with varying term lengths.

Moreover, the precise accessibility of these rates with a reasonable minimum deposit of $500 and the assurance of fixed interest rates further contribute to the overall competitiveness of Cornerstone Bank’s CD offerings.

While individual preferences and financial goals may vary, the combination of attractive APYs and manageable terms makes Cornerstone Bank’s CD rates a noteworthy option for those looking to balance risk and return in their investment strategy.

Overview Cornerstone Bank 

Believe it or not, Cornerstone Bank is fairly new on the scene and wasn’t established until 2017. The bank came to be as a result of two former banks, SpencerBANK and Southbridge Savings Bank, joining together.

Despite having merged only recently, both individual banks have been around to serve their community since the 1800s. As of now, Cornerstone Bank has 13 different branches, with their headquarters being located in Worcester, Massachusetts. Every branch is dedicated to making sure their clients receive only the best customer service, which is not something many banks can say these days. Not only that but Cornerstone Bank is also dedicated to making sure that its clients reach all of their financial goals, no matter how big or small they may be.

Cornerstone is all about community and treats its employees like family. There are dozens of opportunities for advancement within the bank that are available for just about every employee.

Cornerstone Bank truly believes that they are the best simply because it take the time to form strong and genuine trusting relationships with both their clients and their employees.

To prove their dedication to helping the greater good of their community, Cornerstone Bank also provides scholarships to well-deserving students in the local area. Each student is given $2000 via scholarship so that they can put it towards the cost of higher education. Most recently, 16 Massachusetts were awarded the scholarship. To be considered, students simply must apply for the scholarship.


You do not need to be a member of Cornerstone Bank to open up a CD rate with them. However, having an account established with the bank beforehand will make the process of opening a CD with them much easier.

Locations Cornerstone Bank

Branches in Massachusetts

The branches in Massachusetts are:

Charlton, Holden, Leicester, Rutland, Southbridge, Spencer, Sturbridge, Warren, Webster, Worcester, and Westborough.

Frequently Asked Questions

What is the minimum deposit required to open a Cornerstone Bank CD?

The minimum deposit required to open a Cornerstone Bank CD is $500.00.

Are there any fees associated with opening or maintaining a CD with Cornerstone Bank?

Cornerstone Bank does not charge any fees for opening or maintaining a CD.

How often does Cornerstone Bank compound the interest on its CDs?

Cornerstone Bank compounds the interest on its CDs quarterly, providing investors with regular opportunities to see their earnings grow.

Can I withdraw funds from my Cornerstone Bank CD before the maturity date?

While early withdrawals are possible, they may be subject to penalties. These penalties are in the form of potential fees or impacts on interest earnings.

What happens to my CD at the end of the term?

At the end of the CD term, investors have the option to withdraw their funds, roll them over into a new CD, or explore other investment opportunities. Cornerstone Bank typically provides a grace period during which account holders can make decisions regarding their matured CDs without penalties.