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CD Special

High-Five Your Finances!


5.00%* APY 9-MONTH CD
4.00%* APY 15-MONTH CD

Secure superior rates by locking in your savings. Your commitment to saving pays off with improved rates, and tracking your earnings online has never been easier.

Apply online for our 9-month or 15-month specials, or call us at 800-836-3711 and open your account today!


9-Month Special Apply Now

15-Month Special Apply Now

Ensure the Safety of Your Funds and Personal
Data With Chemung Canal Trust Company


FDIC logo

Federal Deposit Insurance Corporation

Every bank involved is a member of the FDIC. Deposits held in these banks are federally insured by the FDIC, providing coverage up to the limits prescribed by federal law. The standard insurance amount stands at $250,000 per depositor, per insured bank, within each deposit account ownership category.

Click to learn more about FDIC Insurance

Frequently Asked Questions

Click on the topics below to view answers to our most frequently asked questions! If you can't find what you're looking for, please give us a call directly at 800-836-3711.

What is a Certificate of Deposit (CD)?

What are the advantages of investing in CDs?

Are CDs safe?

Can I withdraw money from a CD before the maturity date?

How can I open a CD?

Is the interest rate fixed or variable?

Can I add funds to an existing CD?

How is CD interest calculated?

 *APY = Annual Percentage Yield. To earn the promotional APY, the Certificate of Deposit must be opened with new-to-Chemung Canal Trust Company money only. Minimum deposit to open is $10,000. Account balance may not exceed $1,000,000 with the exception of future interest payments. Offer valid for personal and nonprofit clients only. There may be a penalty for early withdrawals. Fees may reduce earnings on accounts. All IRA certificates are subject to IRS tax regulations and penalties. Interest rates may change at any time, without prior notice, before an account is opened. Interest compounds quarterly and is credited quarterly. Effective as of May 20, 2024.