Yes. The FDIC covers accounts up to $250,000 in deposits per account owner / ownership category at each insured bank.
Rake in a great CD rate this fall!
With a personal CD from AmeriServ, you can save for anticipated household expenses, a landmark anniversary trip, or any other expected purchase.
A certificate of deposit (CD) is a product that provides an interest rate premium in exchange for your agreement to leave a lump-sum deposit untouched for a predetermined period of time.
FAQs
Yes. Penalties vary based on term. Please contact us for full details.
Yes. a CD can be owned by individuals (separately or jointly), organizations, and businesses.
*4.00% Annual Percentage Yield (APY) is accurate as of 10/22/2026 and assumes interest remains on deposit until maturity. The term of this Certificate of Deposit (CD) is 6 months. Interest is credited at maturity. A penalty may be imposed for early withdrawal that may reduce principal. Fees may reduce earnings. For CDs less than or equal to one year, the early withdrawal penalty equals 3 months of interest plus $15. Upon maturity, the CD will automatically renew for the same term length at the then-current rate. You will have a grace period of seven (7) calendar days after the maturity date to withdraw funds without penalty. Minimum deposit to open and obtain the advertised APY is $5,000 in new money not already on deposit at AmeriServ Bank. Offer may be withdrawn at any time.
Money Market Account
Money Market accounts are similar to savings accounts, but with some checking account features added in.