Certificate of Deposit Interest Rates
Rates Accurate As Of January 19, 2021 (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 | 0.15% | 0.15% |
| 1 Year C.D. | $2,500 | 3 mos. Interest | 0.25% | 0.25% |
| 18 Month Add On C.D. | $500 | 6 mos. Interest | 0.30% | 0.30% |
| 2 Year C.D. | $2,500 | 6 mos. Interest | 0.35% | 0.35% |
| 30 Month Step Up C.D. (3) | $5,000 | 6 mos. Interest | 0.40% | 0.40% |
| 3 Year C.D. | $2,500 | 6 mos. Interest | 0.45% | 0.45% |
| 4 Year C.D. (2) | $2,500 | 12 mos. Interest | 0.55% | 0.55% |
| 5 Year C.D. (2) | $2,500 | 12 mos. Interest | 0.70% | 0.70% |
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 An early withdrawal penalty may be imposed on the amount withdrawn before maturity and may invade the principal.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 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. Interest on 30 Month Step Up 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).
30 Month Step Up CD 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.
Interest on C.D.'s is compounded and credited annually and at maturity unless otherwise noted. No additional deposits allowed except as disclosed above.
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