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