Skip to Content

Certificates of Deposit

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.

Contact Our Offices

cd paperwork

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 January 4, 2024

Specials

Product

Interest Rate

APY*

Min to Open

Min to Earn APY*

12 Month CD/IRA

4.75%

4.84%

$2,000.00

$0.01

24 Month CD/IRA

4.37%

4.44%

$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

Apply Online

1 Year

1.00%

1.00%

$2,000.00

$0.01

Apply Online

18 Month1.10%1.10%$2,000.00$0.01

Apply Online

2 Year1.19%1.20%$2,000.00$0.01

Apply Online

3 Year1.29%1.30%$2,000.00$0.01

Apply Online

4 Year1.39%1.40%$2,000.00$0.01

Apply Online

5 Year1.49%1.50%$2,000.00$0.01

Apply Online

2 Year Student Center1.19%1.20%$100.00$0.01

Contact Us

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.