To honor those who have served and sacrificed for our freedom, Central Bank will not be open on Memorial Day, Monday, May 26, 2025.
Fast & Easy Account Opening
Opening a checking account is fast and easy. Enroll in just 90 seconds or less!
Treasury Management
At Central Bank, our treasury management services are designed to provide your organization the financial tools it needs to thrive.
VA Loans
Central Bank offers experience and expertise in Veterans Affairs (VA) loans for qualified veterans and service members.
Click-thru Demos & Video Tutorials
Try our digital banking products and services before you enroll.
We understand that everyone's saving goals are unique. That's why Central Bank provides a range of savings account options. Whether you're saving for a rainy day, planning a big purchase or just want a safe and easily-accessible place for your extra funds, we have you covered.
Choose from our Classic Savings account for a straightforward way to start building your financial cushion. Want a higher yield on your savings? Our Platinum Money Market Savings account may be right for you. Whichever option you choose, you'll enjoy the convenience of online banking and the reassurance of banking with a local institution committed to your financial success.
If flexibility is what you need, consider our Classic Savings account. It lets you keep a low minimum balance while still earning interest.
Our Classic Savings account offers interest, easy access, a low minimum deposit and a whole lot more to help you achieve your savings goals.
Variable interest, paid quarterly
Free ATM card* with no ATM fees**
Free online banking
Free mobile banking*** with mobile deposit*
Quarterly statement mailed, monthly if electronic transfers
Bankline 24/7
See Additional Information for details.
$100 minimum deposit to open account
$100 minimum balance or $250 average daily balance to avoid fees. If below, $2/month†
Free for those 18 and younger
*ATM card and mobile deposit are subject to approval.
**If you receive an ATM surcharge, bring in or mail your original ATM receipt within 60 days, and we'll refund the surcharge. Excludes foreign surcharge fees.
***Although Central Bank does not charge for mobile banking, standard text messaging and data plan fees from your mobile phone carrier may apply. Please consult your carrier before using mobile banking.
†Service charge subject to Iowa & local option sales tax, excluding our South Dakota locations.
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Add up the benefits of earning a higher interest rate when you maintain a higher balance in our Platinum Money Market Savings account.
Help your savings grow even more while keeping it safe and accessible. The higher your balance, the higher your interest rate.
Variable interest paid monthly based on the following balance tiers:
Online statement or monthly statement mailed
$1,000 minimum deposit to open account
$1,000 monthly minimum balance or $2,500 average daily balance to avoid fees. If below, $10/statement cycle†
With our low-risk CDs, you'll earn a higher rate of interest than savings accounts for a fixed term. And you can open one for as little as $500! Available for a variety of time periods.
Earn more with our CD specials. Or learn more about how CDs work.
$500 minimum deposit to open
Fixed interest rate based on the following balance tiers
Issued for standard terms of 3, 6, 12, 18, 24, 30, 36 and 48 months
Automatically renewable with 10-day grace period
Contact a Relationship Banker at your nearest Central Bank location for current rates.
Early withdrawal penalties may apply and fees may reduce earnings
Whether retirement is five years or 25 years away, setting aside money now can help you get there. As long as you have earned income in the form of a wage, salary, tips or bonuses, you can contribute to an IRA.
Enjoy tax benefits this year on contributions you make to a traditional IRA (within contribution limits). Contribute up to 100 percent of your earned income or the standard limit, whichever is less.
Lesser of $7,000 or total amount of compensation (under age 50)
Lesser of $8,000 or total amount of compensation (age 50 or over)
Spousal contributions allowed
May be tax deductible*
Distributions may begin at age 59 1/2 without IRS penalty; become mandatory at age 73
*Consult your tax advisor for more details. Other information regarding Traditional IRAs and Roth IRAs such as conversions, transfers, rollovers and investment options are available from any of our Relationship Bankers at Central Bank. Simply contact or come by your nearest Central Bank location to learn more.
With a Roth IRA, you pay taxes on the amount you contribute, but withdrawals are tax-free in retirement. To be eligible for a Roth IRA, your earned income must be within the Modified Adjusted Gross Income requirements. Contribute up to 100 percent of your earned income or the standard limit, whichever is less.
Tax-free and IRS penalty-free if held for five years and taken for a qualified reason.
Consult your tax advisor for more details. Other information regarding Traditional IRAs and Roth IRAs such as conversions, transfers, rollovers and investment options are available from any of our Relationship Bankers at Central Bank. Simply contact or come by your nearest Central Bank location to learn more.
If you have one or more retirement plans from a previous job, you can roll them into an IRA with Central Bank. This helps to streamline your finances and may even help you save on fees.
Contact any Central Bank location for more information.