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Our offices will be closed on Wednesday, June 19, 2024 in observance of Juneteenth. 


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Certificates of Deposit & IRAs

Certificates of Deposit are the easiest and safest way to save if you do not have an immediate need for excess funds. The rate is guaranteed for a specific period of time, and generally, the longer the term, the higher the interest rate earned. You can choose to withdraw your interest, transfer your interest monthly to another Rio Bank account, or leave it in the account and allow the interest to compound.

Enjoy these benefits with our CD's:

  • Competitive rates
  • You pick your maturity date: 1 to 5 year terms
  • Low minimum deposit of $2,500
  • Interest rate fixed for term of the Certificate
  • Interest compounded quarterly
  • At maturity interest can be withdrawn or transferred to another Rio Bank account with no penalty, or remain in the account to compound

Visit any of Rio Bank's convenient locations to open any of these accounts today!

All deposits are FDIC insured up to $250,000.00.

Triple Option Certificate of Deposit "COD"

  • Eligibility: Personal and Sole Proprietor customers (not available for IRA or Business Customers)
  • Minimum to Open: $10,000
  • Maximum Investment: $250,000
  • COD Term: 3 Year Certificate of Deposit
  • May add up to 200% of the original opening deposit of the Certificate of Deposit.
  • May withdraw up to ½ of the original deposit for emergencies with no early withdrawal penalty.
  • You are allowed to exchange (during the first term) the interest rate for the current Triple Option rate, without a penalty. If you make an exchange, maturity date will be extended another 3 years.
  • Compounding Frequency – Interest will be compounded every quarter.
  • Crediting Frequency — Interest will be credited to your account every quarter.

IRA's Individual Retirement Accounts

IRAs are offered to individuals with a range of terms at competitive fixed interest rates. To open an IRA the minimum is $1,000. These accounts are a great way to earn tax-deferred interest for your retirement years.

For more information, please visit with one of our Rio Bank banking centers nearest you.

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