Grow and Focus Your Savings
Sometimes you want to earn more than you’ll find with a traditional savings account. With a certificate of deposit (CD), you can focus your saving efforts and be rewarded with a higher interest rate while you securely grow your money. Your rate is determined by your deposit and term length. At Iowa State Bank, we offer a wide range of CD options available for customers of all ages. If you’re interested in focusing your savings, please contact us online or visit your local branch office.
Certificate of Deposit Options*
| Traditional CD | Junior Saver CD | American Dreams CD | Plus CD | Rate Climber Options | |
|---|---|---|---|---|---|
| Perfect for you if… | Perfect for you if…You want to choose a term to meet a financial goal. A variety of terms are available. | You have a child under 23 and want to jumpstart their financial journey. | You want a low-cost CD that you can add to as income becomes available. | You want a standard CD with great rates and the ability to add to as needed. | You want to take advantage of potential increases in CD rates. |
| Important Things to Know | Minimum deposit of $1,000. | Minimum deposit of $500. | Open for $100; add $50 at any time during the CD’s term; additions can be made from your checking account. | Minimum balance of $1,000 required; make additions of $250 or more at any time during the CD’s term; quarterly withdrawals available during first 10 days of each quarter. | Only available with CD’s with 24-month term; boost your interest rate once during the term. |
*Early Withdrawal Penalties may apply
