CD Loans
Flexible, Low-Interest CD Loans
Borrowing against a certificate of deposit (also known as a CD) is a low-interest opportunity to leverage your finances. If you are currently a Heritage Bank certificate of deposit (CD) customer, consider a CD loan to keep your savings and get the cash you need.
Using your CD as collateral means you can borrow at a very affordable rate. What's more, your CD will continue to earn interest even as you borrow money against it. Your CD loan will become due on the same date as your CD matures, meaning you have no cash out of pocket.
Many of our customers also appreciate the fact that a CD loan allows them to access their savings without terminating their CD prematurely. A CD loan can help you avoid costly early withdrawal penalties.
The benefits of a CD loan include:- Low interest rate – CD loans almost always come with a low interest rate.
- Fixed rate – The interest rate of the loan will not change.
- Easy application – Unlike a lot of other loans, you won’t have to fill out endless paperwork and wait days to hear back.
- Quick cash – Once you are approved for the CD loan, the funds will be in your account within one to three business days.
- Earn while your borrow – Your collateral is your certificate of deposit (CD), which is earning interest even as you borrow against it.
To start the CD loan application process, please print out and complete the CD loan application. Completed forms should be faxed to Credit Administration at 602-840-1864 or mailed to:
4222 E. Camelback Rd., Suite J200
Phoenix, AZ 85018
602-840-3400
