Certificates of Deposit
Midwest BankCentre offers a full range of Certificates of Deposit* 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.
- Secure and easy savings vehicles for those dollars you don’t plan to use quickly
- Terms include: 3-Month, 6-Month, 1-Year, 2-Year, 3-Year, 4-Year and 5-Year
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: 1-Year, 2-Year, 3-Year, 4-Year and 5-Year
Rates Effective as of June 21, 2017
| Term | Min to Open | Interest Rate | APY | Min Balance to Earn APY |
|---|---|---|---|---|
| 3-month CD | $1,000.00 | 0.15% | 0.15% | $0.01 |
| 6-month CD | $1,000.00 | 0.20% | 0.20% | $0.01 |
| 12-month CD | $1,000.00 | 0.35% | 0.35% | $0.01 |
| 24-month CD | $1,000.00 | 0.45% | 0.45% | $0.01 |
| 36-month CD | $1,000.00 | 0.75% | 0.75% | $0.01 |
| 48-month CD | $1,000.00 | 1.00% | 1.00% | $0.01 |
| 60-month CD | $1,000.00 | 1.19% | 1.20% | $0.01 |
Special Offers** - Consumers Only
| Term | Min to Open | Interest Rate | APY | Min Balance to Earn APY |
|---|---|---|---|---|
| 7-month CD | $1,000.00 | 0.75% | 0.75% | $0.01 |
| 18-month CD | $1,000.00 | 1.49% | 1.50% | $0.01 |
| 60-month CD | $1,000.00 | 1.74% | 1.75% | $0.01 |
| 60-month IRA CD | $1,000.00 | 1.74% | 1.75% | $0.01 |
*Certificate of Deposit (CD) accounts have a defined term. A penalty may be imposed for early withdrawal.
**Must be opened with funds not previously deposited with Midwest BankCentre. See a banker for details.