What's the catch? There isn’t one. The CNUF simply allocates your CD deposit to loans that are made to support socially conscious projects in our communities.  These projects promote economic growth through community development. As always, your account is FDIC-insured up to $100,000. 

CD accounts designated as part of the City National Urban Fund will be used to support:

• Affordable Housing Development
• Home Ownership and Maintenance
• Start-up Capital for Small Businesses
• Non-Profit Organizations Initiatives
• Community Outreach Services

Would you like to invest in the creation of quality affordable housing and the development of local small businesses? You can by opening a Certificate of Deposit account at City National Bank and directing us to place your account balance in the City National Urban Fund. Click here to make a deposit. We ensure competitive interest rates on your account, while also offering a way to improve local urban neighborhoods.

CNB was founded to meet the needs of the urban community and have a lasting impact.  Economic injustices that occurred long before and during the Civil Rights Movement prompted civic leaders in Newark, New Jersey, to unite and establish CNB.  Their goal then was to empower families, faith-based organizations, non-profit organizations, and businesses. Today, we are still dedicated to helping the urban community fulfill the American dream of prospering in the neighborhoods where they live, work, and conduct business.