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Let Your Money Grow Securely in a CD Account

Central Bank offers savings growth options in the form of Central Bank Certificates of Deposit, also known as CDs. For discerning customers looking for a balanced portfolio with a nest egg of security, CDs can be the right investment tool. This is particularly true for our mature customers who need to shift their savings toward modest growth, high-security portfolio strategies.

These savings tools allow you to deposit a larger amount of money with us to earn interest and grow over time. While access is restricted, you can have the peace of mind that your money is protected as it grows.

Fixed-Rate Certificates of Deposit

  • Who’s it for? Individuals and businesses that have excess funds to invest, will not need access to the funds for the term chosen, and are looking to earn a higher rate of interest than a regular savings account.
  • $500 minimum to open
  • Issued for standard terms of 3, 6, 12, 18, 24, 30, 36 and 48 months
  • Automatically renewable with 10-day grace period
  • Interest rate determined based on original opening deposit:
    • $500 - $9,999
    • $10,000 - $24,999
    • $25,000 and above

You can get the full details and disclosures for any of our CD accounts by calling or coming by any Central Bank location.

Early withdrawal penalties may apply and fees may reduce earnings.

Contact a Personal Banker at your nearest Central Bank location.

Is there a minimum to open an account?

Yes. There is a $500 minimum to open most CD accounts.

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Amy Button

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Angela Reinert

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Ashly Esquivel

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Brittny Brunning

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Location: Storm Lake North Branch

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Damon Punt

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Location: Sioux Falls Minnesota Branch

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Dustin Pohlman

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Location: Spirit Lake Main Office

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Ethan Moxnes

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Location: Sioux Falls Western Branch

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Jessica Inrachavonga

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Location: Des Moines Highland Park Branch

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Julie Dhabalt

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Location: Cherokee Main Office

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Kaylea Struve

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Location: Sioux City Main Office

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Nancy George

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Location: Dakota Dunes Main Office

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Rhonda Rowe

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Location: Des Moines Ingersoll Branch

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Russell Asman

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Location: Des Moines Drake Branch

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Stacy Meyer

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Location: Storm Lake Main Office

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Wyatt Warkenthien

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Location: Sioux Falls 12th St. Branch

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Mobile Banking

Convenience and access

Mobile Banking

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You are leaving the Central Bank website. We are not endorsing or guaranteeing the products, information or recommendations provided by the organizations linked to our website. We are not liable for any failure of products or services advertised on those sites. We are not responsible for the validity, collection, use or security of information by organizations that may be linked to our website. We encourage you to read the privacy policies of websites reached through the use of links from the Central Bank website.

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