Certificates of Deposit (CDs)

*APY is Annual Percentage Yield. Percentages reflected for either 15 Month or 33 Month term are based on each specific Minimum investment amount ($1,000 or $15,000). The Stated APY rates are accurate as of May 7, 2019. Offer is subject to a $250,000 Deposit maximum for Non-Personal (entity) Depositors. **If the rate on a GSB standard 18 Month or 36 Month term CD raises above the stated advertised rate during the initial term on the account, the account holder may request to have their yield adjusted upward to match the new yield for the remainder of the term. Limit one adjustment during the term. A penalty may be imposed for early withdrawal.


*APY is Annual Percentage Yield. Percentages reflected are based on each specific Minimum investment amount ($1,000, $15,000 or $50,000). The Stated APY rates are accurate as of May 7, 2019. A penalty may be imposed for early withdrawal.


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 or business that opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that allows us to identify you. We may also ask to see your driver's license or other identifying documents.

 

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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