Earn More on
Your Savings Balance
There are times when you want to earn more to reach your savings goal. For those times when you’re looking to earn a higher interest rate than you’ll find in a traditional savings account, a certificate of deposit (CD) from The Bank of New Glarus is a great option. Here’s what you need to know about our CDs:
- Terms range from 6 to 60 months
- Funds are FDIC-insured
- $2,000 minimum opening deposit requirement
- Multiple payout options at maturity, including automatic renewal at current rate
- Interest is compounded quarterly
- Early withdrawals may be subject to penalty
Contact your local The Bank of New Glarus office to speak with a member of our personal banking team about opening a CD.
Specialty CD Offerings
Account | Who Benefits from This Account | Details About This Account |
|---|---|---|
Student Center CD | Account holders looking to save for their future as a student. Parents, grandparents and students can contribute to this CD. | Additional deposits can be made at any time The interest rate is fixed for a two-year term Interest is compounded quarterly $100.00 minimum to open account |
IRA CD | Individuals looking to save for retirement with a Traditional IRA, Roth IRA or a Coverdell Education Savings Account. | Contributions may be tax deductible* Earnings grow tax-deferred Interest remains the same throughout the term of the certificate Interest is compounded quarterly $100 initial deposit to open an Add-On IRA $2,000 initial deposit to open any other type of IRA CD |
*Please consult your tax advisor.
Deposit Rates
Annual Percentage Yield* is accurate as of November 13, 2024
Specials
Product | Interest Rate | APY* | Min to Open | Min to Earn APY* |
|---|---|---|---|---|
9 Month CD/IRA | 4.14% | 4.20% | $2,000.00 | $0.01 |
24 Month CD/IRA | 3.60% | 3.65% | $2,000.00 | $0.01 |
36 Month CD/IRA | 3.46% | 3.51% | $2,000.00 | $0.01 |
Certificates of Deposit/IRA Rates
Product | Interest Rate | APY* | Min to Open | Min to Earn APY* | How to Apply |
|---|---|---|---|---|---|
6 Month | 0.50% | 0.50% | $2,000.00 | $0.01 | |
1 Year | 1.00% | 1.00% | $2,000.00 | $0.01 | |
| 18 Month | 1.10% | 1.10% | $2,000.00 | $0.01 | |
| 2 Year | 1.19% | 1.20% | $2,000.00 | $0.01 | |
| 3 Year | 1.29% | 1.30% | $2,000.00 | $0.01 | |
| 4 Year | 1.39% | 1.40% | $2,000.00 | $0.01 | |
| 5 Year | 1.49% | 1.50% | $2,000.00 | $0.01 | |
| 2 Year Student Center | 1.19% | 1.20% | $100.00 | $0.01 |
For additional account disclosure information and related fees see a Personal Banker. Fees may reduce the earnings on the above accounts. A penalty may be imposed for early withdrawal from CD’s/IRA's. *APY achieved only if interest is compounded quarterly to the CD/IRA's.