Certificates of Deposit & Individual Retirement Accounts

From Gulf Coast Bank & Trust Company With Locations Across Metro New Orleans & Baton Rouge

Along with our variety of checking account and savings account products, we offer Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). Both are great interest-building investment options.

CDs and IRAs can be important parts of your well-rounded personal finance plan. And we’re happy to help you determine if a CD or a personal IRA is right for you. Learn more about both of these products below.

Visit a Branch To Apply or Apply Online

If you have any questions or want more information, please call 1-800-223-2060, request an appointment with a banker, or visit your local branch.

  • CDs

    CDs, or Certificates of Deposit, help your money grow with the power of interest and time. These accounts function similarly to savings accounts, but they have a higher fixed interest rate and a fixed term of your choice.

    We offer a variety of flexible CD terms, from 90 days all the way to 7 years.** You can view our most current CD interest rates below. Upon your CD’s maturity date, you’ll have the option to withdraw your funds or reinvest them in a new interest-bearing CD account.

    Visit your local branch to learn more about Certificates of Deposit and apply for one. NEW! Account online account opening options now available.

    Visit a Branch To Apply or Apply Online


    CD Terms Rate APY*
    90 Days** 4.25% 4.32%
    6 Months 4.50% 4.55%
    9 Months** 4.75% 4.77%
    12 Months (1 Year) 5.00% 5.00%
    18 Months (1.5 Years)** 4.60% 4.60%
    24 Months (2 Years) 4.25% 4.25%
    36 Months (3 Years) 4.00% 4.00%
    48 Months (4 Years) 4.00% 4.00%
    60 Months (5 Years) 4.00% 4.00%
    72 Months (6 Years)** 4.00% 4.00%
    7 Years and Above** 4.00% 4.00%

  • IRAs

    It’s NEVER too early or too late to save for retirement. Many jobs offer an employer-sponsored IRA, or Individual Retirement Account, as a benefit. But if you don’t have that benefit or want to diversify your retirement savings, a personal IRA account may be just what you need.

    We offer Traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts (ESAs) (the former Education IRA). We can also handle IRA account rollovers when you need them.

    Traditional IRAs – Traditional IRAs allow you to make pre-tax contributions you can invest and watch grow overtime. When you retire, you’ll pay income tax on your withdrawals.

    Roth IRAs – Roth IRAs are funded with after-tax dollars for investment. Once you begin withdrawing your funds in retirement, the money is tax-free.

    Coverdell ESAs – These accounts are education savings accounts that allows families to increase investment earning through tax-deferral as long as the funds are used for educational purposes. College expenses and certain K-12 expenses qualify.

    There’s a lot more to know and understand about your IRA choices. We can help you make sense of them and determine which account is best for your retirement goals.

    Visit your local branch to discuss your options and open an account today. 

    Important Disclosures

    Penalties apply for early withdrawal of principal. 

*Certificate of Deposit (APY) Annual Percentage Yield. APY effective as of 6/20/2023. APY subject to change weekly. Minimum Deposit of $2,000 required to open and earn stated APY. Interest on CDs longer than 12 months must be paid out at least annually. The annual percentage yield assumes interest remains on deposit until maturity. Certain restrictions and limitations apply to accounts opened online. Penalty for early withdrawal will apply and may reduce earnings on the account. Unless you instruct us otherwise, the CD will automatically renew for the same term at our Standard CD rates in effect at the time of renewal. 

**Online account opening for CDs is only available for 6-, 12-, 24-, 36-, 48- and 60-month terms. CDs opened online limited to $50,000.00 and must be funded via ACH or transferred from an existing Gulf Coast Bank checking/savings account.

All CD terms, including 90 days up to 7+ years, are available to open in-branch. CDs opened in-branch are not subject to maximum deposit limits.