Certificate of Deposit

Certificate of Deposit Details

• Minimum balance requirements of $1,000* to open and to earn interest 
• Guaranteed interest rate, which varies based on certificate term
• Must maintain the minimum balance to earn interest
• Automatically renewable
• Terms from 30 days to 60 months**
• May be used as collateral for loans
• FDIC Insured***
• The disclosed annual percentage yield assumes that interest will remain on deposit until maturity. Fees or withdrawals of interest will reduce earnings.

**See published rates for full balance requirements and terms.
***Each depositor insured to at least $250,000.

A certificate of deposit can create a stable foundation to your savings strategy. With a locked-in APY for the entire term, you're guaranteed account growth no matter what happens to variable rates.

Itasca Bank & Trust Co. offers a range of CD term lengths from 91 days to 60 months. Choose the option that makes sense for your savings timeline, whether you're planning a major purchase in a few months or in several years.

To spread out access to your funds, you can also create a CD ladder, which spreads out your maturity dates over several years. Each year, you can choose to pull out your cash or roll over the funds into a new term. This tactic staggers out your savings liquidity while taking advantage of fixed rates.