Certificates of Deposit (CDs)

No fees are charged unless there is an early withdrawal or the account is closed before its final maturity date. In such instances, a penalty fee for early withdrawal will apply.

30-90 Days $2,500 Minimum Deposit
3, 6 and 12 Months
$1,000 Minimum Deposit
18, 24, 30 and 36 Months
$1,000 Minimum Deposit
42, 48 and 60 Months
$1,000 Minimum Deposit
15 and 33 Month with Bump
$1,000 Minimum Deposit

Click Here to Request Current Rates

Interest rates and Annual Percentage Yield (APY) are based on the deposit amount and deposit time period selected.

The current Interest Rate Tiers are: over $1,000; over $15,000; & over $50,000.

“Jumbo” Certificates over $100,000 are quoted interest rates on an individual basis.

Interest for your account is compounded quarterly or at maturity.

Certificates of Deposit do not have transaction capability.

Important Information about Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

 

Individual Retirement Accounts (IRAs)

Grinnell State Bank offers Open Time and Fixed Time IRAs!

For more information, contact an IRA Specialist: 800-236-3187

Open Time IRA

Fixed Time IRA

$50 Minimum Deposit

$1000 Minimum Deposit

 

 

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