Certificate of deposits

CDs (Certificates of Deposit)

Jumpstart your Savings with a Certificate of Deposit

Lock in a guaranteed rate for a term of your choice and watch your money grow! A certificate of deposit (CD) is a special savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years. In exchange for leaving your money untouched for the agreed-upon term, you earn a fixed interest rate that is typically higher than a traditional savings account. This means you know exactly what your return will be from day one.

Every financial journey is unique. Whether it’s just a few months or up to a few years, take advantage of the higher interest rates combined with the safety and security of FDIC insurance. Let's find the right CD to help you reach your specific goals.

Ready to start?

Connect with a Personal Banker to discuss CD terms and rates today!

Secure Your Large Deposits with a CDARS^®

Have more than $250,000 to deposit? With CDARS^®, you can get full FDIC insurance on your total balance while keeping the convenience of banking with us. It’s a smart way to protect your money in one place without managing multiple bank relationships.

Here’s how it works:

You make one large deposit with our bank.
We place your funds into the IntraFi^® network where they are covered under other banks’ FDIC insurance coverage.
Each portion is kept under the $250,000 FDIC insurance limit.

You get the peace of mind of full insurance coverage on your total balance, plus the simplicity of one great CD rate and one easy-to-read bank statement. You work only with us, the bank you know and trust.

Info graphic depicting how a CDARS works.

CDARS^® is a registered service mark of IntraFi^®, LLC.

See How Much Your CD Can Grow With Different CD Interest Rates

*The figures entered on the input page of this CD calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this CD interest rate calculator are also intended for illustrative purposes only and accuracy is not guaranteed.

CD interest rates are traditionally higher than traditional savings account interest rates. CDs provide a customizable, reliable, and low-risk savings plan. Certificate of Deposit accounts offer fixed interest rates and are paid out at a CD maturity date chosen by you. CDs are the best savings account for those wanting high savings interest rates and do not need access to their funds for a set term. Let Decorah Bank & Trust help you save more, without the risk!