CDs
Save and make money with minimal effort
CDs are a low-maintenance way to save and make money. Our CDs give you the choice of terms, so whether it’s a few months or several years, you get to decide what works best for your financial goals. CDs also help encourage more disciplined saving, as funds are less accessible during the terms you’ve decided.
Features
Competitive interest rates*
Extensive range of terms*
FDIC insured (up to applicable limits)
Guaranteed returns
*See Deposit Account Agreement & Disclosure for more info on terms, and our Deposit Rate & Fee Schedule for more info on current rates and minimum balances.
Certificate Of Deposit
APY*
3, 6 & 9 Month
0.75%
12 Months
2.27%
24 Months
2.53%
36 & 48 Months
2.78%
For Laddered CD Rates, please Deposit Rate & Fee Schedule
Rates accurate as of above date and subject to change without notice.
Fees may reduce earnings. FDIC insured up to applicable limits.
A penalty of 30 to 180 days of interest may be imposed for early withdrawal on Certificates of Deposits will affect earnings on the account. CD renews automatically at maturity.
Click Here for Business Accounts
Minimum to Open
$500
$500
$500
$500
New!
America’s 250th Anniversary Promotional CD
Available only from June 29th-August 31st, 2026.
(promotion availability subject to change or cancellation at any time without notice).
Upon maturity, this promotional CD will automatically renew once at a rate of 3.65% (3.68% APY) for the same 6-month term. This promotional CD is available to new deposits only; transfers from existing Portage Bank accounts do not qualify. This renewal rate applies exclusively to customers who opened this promotional CD and is not the standard 6-Month High Yield CD rate. Subsequent renewals will be at the then-current standard 6-Month High Yield CD rate. Member FDIC.
APY*
6-Month Promo CD
Minimum to Open
3.68%
6 Months
CD Rates — Effective June 29, 2026
$10,000-$1,000,000
Portage Mobile
Take Portage wherever you go
Our free mobile app gives you fast, secure, 24/7 access to your finances.
Earn More with a New Frontier Money Market Account
Open your account online now and grow your savings with our New Frontier Money Market Account that gives you the best of both worlds. You get higher interest rates than a regular savings account plus, the flexibility to access your money when you need it. All from your local bank serving communities in Washington and Minnesota.
Tiered rates from 0.75% to 3.30% APY (annual percentage yield)*
Interest compounded and credited monthly
$2,500 to open an account
No monthly service charges**
FDIC-Insured deposit protection
Debit card, check, online and mobile access
Minimum Balance Requirement
APY*
Rate variable. APY accurate as of June 9, 2026 and subject to change. $2,500 minimum to open.
Click Here for Business Accounts
*See our Deposit Rate & Fee Schedule for more information. $0.01 minimum daily balance to earn the disclosed APY. Rates are variable and subject to change.
**This account requires delivery of account statements via electronic means. If you choose to have paper statements mailed to you instead, or in addition to electronic delivery, there will be a statement fee of $3.00 each statement cycle. For more info on terms see our Deposit Account Agreement & Disclosure.
$0.01 to $9,999.99
0.75%
$10,000 to $99,999.99
2.27%
$100,000 to $249,999.99
2.53%
$250,000 to $499,999.99
2.78%
$500,000 and above
3.30%
FAQs
What is a New Frontier Money Market Account?
A New Frontier Money Market Account is a federally insured deposit account that combines the better-earning potential of a savings account with the simplicity and accessibility of a traditional money market account. Unlike a standard savings account that often pays minimal interest, a high-yield money market account is designed to put your idle cash to work, earning a competitive rate while keeping your funds safe and within reach.
Whether you're growing an emergency fund, setting aside reserves for a home purchase, or managing business cash, this account delivers a smarter savings experience backed by FDIC insurance and the personalized service of a community bank serving Washington, and Minnesota.
Is the account FDIC-insured?
Yes. Your deposits at Portage Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per account ownership category. That means your savings are protected even in the unlikely event of a bank failure — giving you peace of mind while your money earns more.
What is the difference between a savings account and a money market account?
Both are safe, interest-bearing deposit accounts, but money market accounts typically offer higher rates in exchange for maintaining a minimum balance and include check-writing and debit card access. Portage Bank's New Frontier Money Market Account is built on a money market structure, giving you the best of both worlds, stronger returns with the flexibility and accessibility you'd expect from a modern savings account.
OTHER SAVINGS ACCOUNTS
Regular Savings Account
Earn while you save
Having money that’s safely squirreled away and earning interest is a great way to hit your financial goals. A Regular Savings Account will help you in the short-term like having money when you need it, but it’s also beneficial for the long-term like saving up for college or a down payment on a house.
Features
$10 to open an account
No monthly service charges for active accounts for details see the deposit account agreement*
Interest compounded and paid quarterly*
Online and mobile banking
*See Deposit Account Agreement for more info on terms, and our Consumer Deposit Rates for more info on current rates and minimum balances.