No Penalty CD at Partners Bank

The no penalty CD from Partners Bank is a short-term certificate of deposit that offers structured savings with the ability to access funds without standard penalties after an initial holding period. This option is available in a 7-month term and is ideal for savers looking for a defined CD option without a long-term commitment.

Partners Bank serves customers throughout Maine and New Hampshire, and you can visit a local branch to learn more about this product and compare it with other CD options.

Check Current CD Rates

GET STARTED

Get Started with a No Penalty CD

Opening a no penalty CD at Partners Bank starts with a conversation. Because rates and terms may change, our local team can walk you through current options and help you decide if a 7-month No Penalty CD fits your savings goals.

You can:

Review current CD rates
Visit a branch in Maine or New Hampshire
Open an account with assistance from a local banker

Whether you're in Portsmouth, NH, Sanford, Limerick, Wells, or another Partners Bank community, our team is available to help you compare CD options and take the next step.

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KEY FEATURES

Key Features of a No Penalty CD

A no penalty CD is a type of certificate of deposit where you agree to keep your funds on deposit for a defined time to earn interest, but with more access than a traditional CD after the initial required period. This can be a good option if you want higher yields than a savings account but still want the ability to access your money within a short timeframe.

7-Month Term

Early Withdrawal Flexibility After Initial Period

$500 Minimum Deposit

$500 minimum to Earn Interest

NEXT STEP

Compare Rates and Take the Next Step

Opening a no penalty CD starts with reviewing current rates and confirming terms. Because CD rates may change, it's helpful to speak with a Partners Bank representative before opening your account.

Customers throughout Maine and New Hampshire can visit a local branch or connect with a banker to compare the 7-month No Penalty CD with other available CD options.

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COMPARE

Compare with Other CD Options

Open an Account

QUESTIONS

Frequently Asked Questions

A no penalty CD is a certificate of deposit that allows you to access funds after an initial holding period without incurring the standard early withdrawal penalty associated with traditional CDs.

Partners Bank's no penalty CD has a 7-month term.

Yes. If you withdraw within the first 6 days, there is a penalty of seven days' interest on the amount withdrawn. After that period, the penalty does not apply.

Yes. The minimum deposit and balance to earn interest on the no penalty CD is $500.

** A withdrawal made in the first 6 days of your new 7-month no penalty CD is subject to an early withdrawal penalty.