What Are the Current CD Rates at Cadence Bank?
Written by
Rudri Patel
Edited by
Melanie Grafil
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Certificates of deposit offer guaranteed interest rates for a predetermined period, as long as you lock in your funds and don’t withdraw them before the term expires. Depending on whether you’re looking for short-term savings or long-term growth, you can select the type of CD that works best for you.
Current Cadence Bank CD Rates
Cadence Bank is offering promotional and standard CDs. The minimum deposit is $1,000.
| Term | APY |
|---|---|
| 8-month | to |
| 13-month | to |
Promotional Rate CD APYs
To qualify for the highest APYs, you must meet one of the following requirements:
- Having an existing Cadence Performance Checking account
- Open a new CD with $25,000 or more in non-Cadence Bank funds.
If you don’t meet these conditions, you will receive the lower APY.
Cadence Bank Standard CD Rates
Cadence Bank offers term lengths ranging from one month to 60-plus months. However, it doesn’t publish rates for its standard CDs on its website. You can visit a Cadence Bank branch near you or call its customer service line at 888-797-7711 for information on its current rates for standard CDs.
Pros and Cons of Cadence CDs
In order to determine if a Cadence CD will work for you, consider the pros and cons:
Pros
- Promotional rates: Promotional rates offer APYs that are competitive.
- FDIC Insured: Funds are FDIC insured up to $250,000 per depositor, per category.
- No monthly fee: No monthly fee on CDs.
- Fixed interest rate: Favorable return on promotional rate CD.
Cons
- Standard CDs rates are unpublished: The website doesn’t publish rates on standard CDs.
- Higher minimum deposit: The $1,000 minimum may price out some individuals.
- Early withdrawal penalties: If you decide to withdraw early, you will pay a penalty.
- APYs are moderately competitive: Competitive rates are only applicable to some terms.
How To Open a Cadence Bank CD
To open a Cadence Bank CD, you will need to visit a local branch — customers in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas are able to open CD accounts at Cadence. When you apply, you will be required to fill out an application and need to be ready to fund your CD with a minimum deposit of $1,000.
In order to open a CD, you will need a government-issued ID, your Social Security Number and contact details, as well as the money needed to fund the CD.
For a smoother application process, it’s a good idea to make an appointment before you visit the branch. Click “Schedule an appointment” on the Cadence Bank website to get started.
Comparing Cadence Bank CDs To Other Savings Options
Investing in a CD isn’t the only option to grow your savings. Take a look at these other ways to grow your money:
- High-yield savings: A high-yield savings account allows for more liquidity and gives you daily access to funds. There is no penalty to withdraw your money, and you can get a competitive APY if you are willing to shop around.
- Treasury bonds: If you like to play it safe and want tax benefits, consider investing in treasury bonds. This is a government-backed alternative for investing.
- Money market accounts: Money market accounts typically have higher APYs compared to savings accounts. There is also more accessibility, since most money market accounts come with debit card access. Be aware that rates tend to fluctuate because of market conditions.
Who Should Consider Cadence Bank CDs?
For people looking for banks that provide excellent CD options to help them generate returns on their savings, Cadence Bank does offer attractive interest rates of up to APY for its promotional eight-month CD.
Standard CD rates are not published online, so for those who don’t want the promotional CD rate or need different terms, it makes it harder to see what Cadence Bank offers. Also, if you’re not already a Cadence Bank customer or in need of any of its other services, you may be able to find higher CD rates for other term lengths elsewhere.
Cadence Bank CD Rates FAQ
Here are answers to some of your most frequently asked questions about Cadence Bank's CDs.- What is the minimum deposit for a Cadence Bank CD?
- The minimum deposit for a Cadence Bank CD is $1,000.
- Are Cadence Bank CDs insured by the FDIC?
- Yes, the funds are insured by the FDIC for up to $250,000 per depositor per category.
- Can I withdraw money early from a Cadence Bank CD?
- Yes, you can withdraw your money early from your Cadence Bank CD, but you will likely pay an early withdrawal penalty.
- How often are interest payments made on Cadence Bank CDs?
- You can receive interest payments monthly, quarterly, semi-annually or at maturity.
- Are there promotional CD rates available?
- Yes, promotional CD rates are available for an eight-month term for an APY of 4.20%.
Preston Hartwick contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 12, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
