Certificate of Deposit Interest Rates

Rates Accurate As Of April 1, 2020 (Download As PDF )

Certificate of Deposit

Certificate of Deposit Options (1)	Minimum Deposit	Early Withdrawal Penalties	Interest Rate	Annual Percentage Yield (APY)
6 Month C.D.	$2,500	1 mo. Interest	0.35%	0.35%
7 Month C.D. New Money Special (5)	$2,500	1 mo. Interest	0.55%	0.55%
1 Year C.D.	$2,500	3 mos. Interest	0.40%	0.40%
18 Month Add On C.D.	$500	6 mos. Interest	0.55%	0.55%
2 Year C.D.	$2,500	6 mos. Interest	0.75%	0.75%
25 Month C.D. New Money Special (4)	$10,000	6 mos. Interest	1.05%	1.05%
30 Month Step Up C.D. (3)	$5,000	6 mos. Interest	1.15%	1.15%
3 Year C.D.	$2,500	6 mos. Interest	1.05%	1.05%
4 Year C.D. (2)	$2,500	12 mos. Interest	1.15%	1.15%
5 Year C.D. (2)	$2,500	12 mos. Interest	1.24%	1.25%

Click To View Terms

(1) All C.D.'s: The daily balance method calculates interest applying a daily periodic rate to the principal in your account each day. The APY assumes interest on deposit until maturity. An early withdrawal penalty may be imposed on the amount withdrawn before maturity and may invade the principal. A withdrawal will reduce earnings.

(2) Interest on 10 Month C.D., 4 Year C.D.and 5 Year C.D. is compounded and credited quarterly and at maturity.

(3) Must have a checking relationship or new money. Maximum deposit of $200,000.00. Interest on 8 Month C.D. and 30 Month Step Up C.D. is compounded and credited quarterly and at maturity.

(4) Must have new money of at minimum $10,000.00. Maximum deposit of $200,000.00. Interest on 25 Month C.D. is compounded and credited quarterly and at maturity. Interest on C.D.'s is compounded and credited annually and at maturity unless otherwise noted. No additional deposits allowed except as disclosed above.

(5) Must have new money of minimum $2,500.00. Interest on 7 Month C.D. is compounded and credited quarterly and at maturity.

18 Month Add-On C.D.Unlimited deposits. Minimum add-on deposit $25.00. No deposits 7 days before maturity. Interest begins to accrue no later than the business day that we receive the deposit of non-cash items (for example, checks).

Step Up Option: During the term of your Step Up Certificate of Deposit (CD), you are permitted to make a one-time request to adjust your interest rate at your discretion. Your request to adjust your interest rate is limited to the rate in effect for the Step Up CD at the time of your request. You must make such a request in writing on a form we will provide. When you elect to exercise the Step Up Option, the new interest rate will be paid for the remaining term of your account. A one-time interest rate increase will not extend the original maturity date of your account. Interest rates are not tied to an index. Interest rates are established at the discretion of Mound City Bank. Mound City Bank makes no guarantee that you will ever be able to exercise this option since we have no way of predicting future interest rates. Minimum deposit and minimum balance of $5,000 to receive the current interest rate. The daily balance method calculates interest applying a daily periodic rate to the principal in your account each day. A penalty may be imposed on the amount withdrawn before maturity. Interest on the 30 Month Step Up CD is compounded and credited quarterly and at maturity. A withdrawal will reduce earnings. Rate effective as of December 5, 2016.

Interest on C.D.'s is compounded and credited annually and at maturity unless otherwise noted. No additional deposits allowed except as disclosed above.