

Columbia Bank, based out of Fair Lawn, New Jersey is a regional bank with 60 branches and 3 lending offices throughout the state of New Jersey. They were founded in 1927 and hold roughly $9.8 billion in assets.
Despite operating mostly in New Jersey, Columbia Bank has a handful of CDs (certificates of deposit) with slightly above average yields that can be opened by anyone online throughout the country.
They have 8 standard CDs and 4 promotional CDs. They also have these CDs available as IRA CDs but with some minor differences which we breakdown further below.
To see if Columbia Banks’ CD rates are right for you, continue reading our review.
In this post you'll learn:
Columbia Bank CD Rates + Account Details


All of Columbia Bank’s CDs come with a minimum deposit requirement of $500 except for their 18 month variable-rate IRA CD which only requires a minimum deposit of $100. Columbia Bank CDs are FDIC-insured up to the applicable limits.
Promotional CD Rates
CD Term | APY |
12 month AP | 0.75% |
20 month Bump Up | 3.00% |
24 month AP | 2.00% |
36 month AP | 2.00% |
📌 Please note – Columbia Bank’s promotional CDs with AP next to them require you to have an Advantage Plus checking account – and in good standing. This account requires a minimum balance of $500 to avoid a $9 monthly fee. It doesn’t provide any interest on your balance but does come with a $200 bonus if you meet certain requirements. Learn more here.
The 20 month Bump Up CD allows you to make a one-time rate increase during the life of this CD. You can increase it anytime Columbia Bank increases the yield on this account. This is ideal for rising interest rate environments such as the one we’re in.
Standard CD Rates
CD Term | APY |
91 day | 0.10% |
12 month | 0.50% |
14 month | 3.75% |
18 month | 4.00% |
24 month | 1.85% |
36 month | 1.85% |
60 month | 2.00% |
72 month | 2.00% |
To put these yields into perspective, the national average for 12 month CDs and 60 month CDs sits at just 1.07% and 1.09% APY, respectively, according to FDIC data.
That said, top yields from online banks and nationally available credit unions are now inching above the 4.50% APY and 4.75% APY mark for the same respective terms.
IRA CD Rates
All of Columbia Bank’s IRA CDs come with a minimum deposit requirement of $500 except the 18 month variable-rate CD which only requires a minimum deposit of $100.
CD Term | APY |
91 day | 0.10% |
12 month | 0.75% |
14 month | 3.75% |
18 month | 4.00% |
24 month | 2.00% |
36 month | 2.00% |
60 month | 2.00% |
72 month | 2.00% |
The yields on the IRA CDs are mostly the same as the standard CDs except for the 24 and 36 month IRA CDs which feature APYs that are 0.15% more than the standard ones.
Compounding and Crediting Interest
Interest on all of Columbia Bank’s CDs are compounded monthly and credited to your account monthly.
Grace Period and Early Withdrawal Fees
When your Columbia Bank CD matures you will have a 7 calendar-day grace period in which you may close out the CD or change the terms and/or deposit amount. If nothing is done during this 7 day window, your CD will automatically renew into a new CD with the same term and the going rate at that time.
If you need your CD’s funds prior to its maturity you will incur an early withdrawal fee. The fee is based on your CD’s term. See fee structure below:
CD Term | Fee |
5 months or less | 45 days of simple interest |
6 – 11 months | 90 days of simple interest |
12 – 23 months | 180 days of simple interest |
24 – 59 months | 270 days of simple interest |
60 months + | 365 days of simple interest |
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