Attention Deposit Account Customers:
Effective September 2, 2025, you will no longer be able to use your GSB debit/ATM card to deposit at non-GSB owned ATMs. You will still be able to deposit at the GSB owned ATMs located at each of our four (4) branches. You can also conveniently deposit checks via Mobile Deposit through our mobile app. If you are not currently set up for Online or Mobile Banking, stop in or contact any of our branches and a personal banker will assist you.
To learn more about how to use Mobile Deposit, visit our Online Banking Education Center.
We understand that this may change how you deposit, however, this decision has been made due to the increasing level of risk associated with check fraud deposits occurring at ATMs.
We design our personal CDs with your needs in mind. Whether you are saving for college, retirement, or somewhere in between, our CD account options will turn savings into earnings.
Deposit Time Period | $1,000 Minimum (DB3) | $15,000 Minimum (DB3) | $50,000 Minimum (DB3) |
---|---|---|---|
6 Month Certificate(1)(Variable) | 2.06% APY | 2.16% APY | 4.00% APY |
15 Month with One Time Bump(1)(2)(Variable) | 3.70% APY | 3.80% APY | 3.80% APY |
33 Month with One Time Bump(1)(2)(Variable) | 3.96% APY | 4.06% APY | 4.06% APY |
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 |
(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 July 1, 2025. A penalty may be imposed for early withdrawal. Fees could reduce the earnings.
(2) 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”. For the 15 Month special, if the Rate on a GSB standard 18-mo term CD raises above the initial rate on your CD, or for the 33 Month special, if the Rate on a GSB standard 36-mo term CD raises above the initial rate on your CD, you may request the One Time Bump Option to have your yield adjusted to match the new yield for the remainder of the term. Limit one adjustment during term. This requires you to visit a Grinnell State Bank branch. Offer is subject to a $250,000 Deposit maximum for Non-Personal (entity) Depositors. Funds accepted for deposit are required to be “in state” or funds held within the State of Iowa.
(3) Daily Balance (DB)
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.
We want to make banking easy for you with 24/7 access to your accounts and convenient access to services. Have 24/7 access to all of the following without having to step foot in the bank:
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