With so much uncertainty in the world, it can be difficult to know which investments are going to be stable in the long term. If you’re looking for a safe and predictable way to invest your money, a Certificate of Deposit (CD) Account could be a great option for you. With a CD, you’ll get a fixed term and a fixed interest rate, and you can earn more interest than you would with a regular savings or checking account. Just keep your money in the account for the agreed-upon time, and you’ll watch it grow! Be aware that penalties are applied if you withdraw early.
- $1,000 minimum balance to open, with the exception of our 15 month certificate, which requires $5,000.00 to open.
- Interest compounds and pays monthly or at maturity depending on the term
- Interest earned credited back to CD, deposited into MyStateBank checking/savings or receive a check by mail
- Maturity terms vary from 3 months to 5 years
- Early withdrawal of principal subject to penalty
To open a State Bank Northwest Certificate of Deposit Account visit your nearest branch.
For any questions give us a call or visit your most convenient branch.