Business Certificates of Deposit (CDs)
We design Grinnell State Bank business CDs with your business needs in mind, no matter what size. Each CD account option turns your savings into earnings and helps you grow your business.
We design Grinnell State Bank business CDs with your business needs in mind, no matter what size. Each CD account option turns your savings into earnings and helps you grow your business.
Deposit Time Period
Minimum Opening Deposit
30-90 Days
$2,500
3, 6, & 12 Months
$1,000
18, 24, 30, & 36 Months
$1,000
42, 48, & 60 Months
$1,000
15 and 33 Months with Bump
$1,000
Deposit Time Period
$1,000 Minimum (DB3)
$15,000 Minimum (DB3)
$50,000 Minimum (DB3)
15 Month with One Time Bump(1)(2)(Variable)
0.65% APY
0.75% APY
0.75% APY
33 Month with One Time Bump(1)(2)(Variable)
0.75% APY
0.85% APY
0.85% APY
(1) APY is Annual Percentage Yield. Percentages reflected are based on each specific Minimum investment amount ($1,000, $15,000 or $50,000). The Stated APY rates are accurate as of April 1, 2022. A penalty may be imposed for early withdrawal. Fees could reduce the earnings.
(2) Offer is subject to a $250,000 Deposit maximum for Non-Personal (entity) Depositors. The interest rate and annual percentage yield may change after account opening. The initial interest rate on your account will not change for the initial term of the account, unless you request and exercise the One Time “Bump Option”. This requires you to visit a Grinnell State Bank branch. A penalty may be imposed for early withdrawal. Funds accepted for deposit are required to be “in state” or funds held within the State of Iowa.
(3) Daily Balance
Important Information about Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person or business that opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that allows us to identify you. We may also ask to see your driver’s license or other identifying documents.
Our friendly staff is ready to help you create a new account or transfer your existing business account to Grinnell State Bank.
Grinnell State Bank provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by Grinnell State Bank, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.
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