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Certificates of Deposit

Midwest BankCentre offers a full range of Certificates of Deposit 1 that are available to both consumers and businesses. CDs offer you higher interest than the Money Market and Savings accounts. Use these for cash you plan on keeping for the longer term.


Raise Your Rate CDs & IRAs
Our Raise Your Rate CDs offer all the benefits of a CD with added flexibility, giving you the ability to raise your rate and add more money to your account during your CD's term:

  • If the rate increases during your term, you can raise the rate as well as add funds once during the term
  • CDs that can be opened: 
    • 18-Month and 24-Month

Individual Retirement Accounts

An IRA can be a crucial part of building your retirement nest egg. Whether you’re opening your first IRA, rolling over an old 401(k) or looking to transfer your existing IRA, we have flexible options and terms to meet your needs.

  • Traditional or Roth IRA options
  • Terms include: 12-Month, 24-Month, 36-Month, 48-Month and 60-Month

Rates Effective as of May 26th, 2022

Term Min to Open Interest Rate APY Min Balance to Earn APY
3-Month CD $1,000.00 0.05% 0.05% $0.01
6-Month CD $1,000.00
0.10% 0.10% $0.01
12-Month CD $1,000.00
0.20% 0.20% $0.01
24-Month CD $1,000.00
1.00% 1.00% $0.01
36-Month CD $1,000.00
1.19% 1.20% $0.01
48-Month CD $1,000.00
0.40% 0.40% $0.01
60-Month CD $1,000.00
0.55% 0.55% $0.01
Raise Your Rate CDs

Term Min to Open Interest Rate APY Min Balance to Earn APY
18-Month CD $10,000.00 0.40% 0.40% $10,000.00
24-Month CD $10,000.00
0.50% 0.50% $10,000.00

Certificate of Deposit (CD) accounts have a defined term. A penalty may be imposed for early withdrawal.