Crestmark Certificates of Deposit

Crestmark Bank offers Certificates of Deposit at various times throughout the year. These are offered at competitive rates, and are FDIC-insured to the maximum allowed by law.

You can verify our standing with the FDIC by visiting the FDIC Institution Directory and entering Crestmark Certificate #34353 or by entering “Crestmark Bank” in Troy, Michigan.

For further information about our Certificates of Deposit, please call Beth Inda at 248.267.1608. Our CD fax number is 248.641.5104.

Sorry, we do no accept Certificates of Deposit from Brokers.

Disclosures: Annual Percentage Yield is accurate as of.  These rates may change at any time without prior notice. After a Certificate of Deposit is opened, the interest rate is fixed for the term. A penalty is imposed for early withdrawal. Fees could reduce earnings on the account. Certificates of Deposit will automatically renew.

Contact our Certificates of Deposit Administrator Beth Inda at 248.267.1608 or by email at for questions or current availability. You can fill out the CD Request Form: Electronic version or Print version.

Certificates of Deposit Frequently Asked Questions

How do I open a Certificate of Deposit account with Crestmark Bank?

Click on CD New Account Request form link on the CD Rates page. It is an electronic form, so you’ll need Acrobat Reader (if you don’t already have it installed on your system, it is a free download, so just click on the link to get it). You can fill out the form, save it, and email it back. If you cannot open the document, or are have problems filling it out, you can use the “Print” version. Once you have filled in the form, simply fax it back, or mail it to the address listed at the bottom of the page. If you have problems printing the form, please email with your fax number or mailing address, and we will send you a printed form directly.

Do you accept out of state funds?

Yes, we do. In fact, we can open an account for you by email, mail or fax.

Do you accept brokered deposits?

No, we do not. We need to deal directly with the depositor. If you are not sure whether you are a deposit broker, please see for the list of exclusions.

What supporting documents do you need to open an account?

For Consumer accounts, we need legible photocopies of a drivers’ license for each party on the account. If you do not have a drivers’ license, a state-issued photo ID can be used. For Business accounts, we need a copy of your Articles of Incorporation. For Trust accounts, we need a copy of the Trust document, as well as photo ID for each trustee on the account. Please mail or fax a copy of these to us at the address below, or scan and email the images of the supporting documents to us at

How do I give you my money to fund the account?

We accept wires or checks. Send your wire to ABA: 072413764, Account Number (use your 10-digit phone number as the Account Number). We ask that you use your phone number as a temporary account number in case we receive your wire prior to receiving your CD New Account Request form. If you are sending a check to fund your account, the check should be made payable to Crestmark Bank, and sent to 5480 Corporate Drive, Suite 350, Troy MI 48098; attn: CD Department. Please note that we cannot open your account until we receive the funds from you.

When is my account opened if I send a check?

Your account will be opened as of the date we receive your check. We will not process your Certificate of Deposit until one week later to ensure that your check clears. You can expect to receive your signature cards and other documents by mail from us about two weeks after we receive your funds.

Do you compound interest?

No, we do not. We pay what’s called simple interest, which means that your interest does not make interest.

Do you provide APY?

No, we only provide APR because the interest does not compound. We go by the Annual Percentage Rate.

I have received my documents in the mail; which ones do I send back to you?

The top copy of your Certificate of Deposit is for you to keep. You’ll sign and fax this to us when you wish to redeem your Certificate of Deposit at maturity. The second copy is stamped “Please complete and return.” Sign all of the highlighted areas and send back in the stamped, self-addressed envelope. If you are a business, and have not already send us the Corporate Authorization Resolution document, please complete it and mail that back as well.

I would like to receive my interest monthly. Can you Direct Deposit (or ACH) my interest to me?

Please contact our Certificates of Deposit Administrator if you’d like to take advantage of this feature. Our contact information is located at the bottom of this page.

Can I view my account online?

Unfortunately, you cannot view your account online at this time. If you ever have a question regarding your account, please contact our CD administrator.

Do you have branches all over the country?

We only process Certificates of Deposit accounts in our Troy, Michigan office. We do not have branches, however, Crestmark Bank provides commercial financing solutions, and has business and sales offices located around the country.

I see that you are not accepting funds. Why not?

We are not always in the market; we enter the market to fund certain projects.

How do I know you are a real bank?

You may look us up on Our FDIC ID# is 34353.

Are you covered by FDIC insurance?

Yes. Our Certificates of Deposit are covered up to the maximum available by law. See

Can I open any other type of account, like a checking, savings or money market account? What about an IRA CD account?

No, we only offer regular CD accounts.

What do I do when my account comes to maturity?

Send a fax to (248) 641-5104 with your instructions as to whether you would like to renew your CD or redeem it. We will send your funds via check or wire transfer at no charge.

If I want my money wired to me at maturity, what information do you need?

We need your wiring instructions, your bank’s routing or ABA number, your account number, and one signature from any one of your authorized signers. You can fax this information to us at 248.641.5104.

I want to open an account, but I won’t have the funds for a few weeks. Can I send you an account opening form anyway?

No, please wait until you have the funds before sending your account request form. Our rates may change, and we are not always in the market for new funds.

Do you have a mailing list to let me know when you are in the market and what your rates are?

If you would like to join our email list, click here. Or, you may send us a fax at 248.641.5104.

What if my questions were not answered here?

Please feel free to call our Certificates of Deposit Administrator if you have any further questions. Crestmark’s CD Administrator is Beth Inda. You can contact her directly at 248.267.1608 or email her at