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Certificate of Deposit for Ag Operations

Save and earn for your operation at a rate you'll enjoy. Find one of our Bank Iowa locations to get started today!    

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Plant your extra funds in a CD and watch them grow

Similar to planting a crop that will mature and yield a harvest, a Certificate of Deposit (CD) will yield interest over time. Put your farm’s surplus funds to work for your bottom line, letting your capital grow. This fixed-term savings certificate is a safe, reliable investment and typically offers higher interest rates with longer terms and larger balances.*

CDs are straightforward to set up and can be left to grow on their own throughout the term. This “set-it-and-forget” approach is ideal for today’s busy farm operators who prefer not to constantly manage their investments.

With term options ranging from 3 to 60 months, you can open a CD at Bank Iowa with as little as $500 and receive a fixed interest rate on your daily balance until the CD reaches maturity. Be sure to check out any current CD specials we have on our rates page to maximize your returns. Ask us how you can start cultivating this secure, FDIC-insured investment today!

*A CD restricts access to the funds until the maturity date of the investment—early withdrawal may result in penalties and reduce earnings.

Account TypeMin Balance to obtain APYInterest RateAnnual Percentage Yield (APY)
7-Month CD Special*
$5,000 and above $5,000 4.20 4.25
13-Month CD Special*
$5,000 and above $5,000 4.20 4.25
23-Month CD Special*
$5,000 $5,000 4.16 4.20
3 Month**
$0 - $9,999.99 $500 1.01 1.01
$10,000 - $24,999.99 $10,000 1.01 1.01
$25,000 and above $25,000 1.01 1.01
6 Month**
$0 - $9,999.99 $500 1.53 1.54
$10,000 - $24,999.99 $10,000 1.53 1.54
$25,000 and above $25,000 1.53 1.54
12 Month**
$0 - $9,999.99 $500 1.69 1.70
$10,000 - $24,999.99 $10,000 1.69 1.70
$25,000 and above $25,000 1.69 1.70
18 Month**
$0 - $9,999.99 $500 1.82 1.83
$10,000 - $24,999.99 $10,000 1.82 1.83
$25,000 and above $20,000 1.82 1.83
24 Month**
$0 - $9,999.99 $500 1.60 1.61
$10,000 - $24,999.99 $10,000 1.60 1.61
$25,000 and above $25,000 1.60 1.61
30 Month**
$0 - $9,999.99 $500 1.55 1.56
$10,000 - $24,999.99 $10,000 1.55 1.56
$25,000 and above $25,000 1.55 1.56
36 Month**
$0 - $9,999.99 $500 1.48 1.49
$10,000 - $24,999.99 $10,000 1.48 1.49
$25,000 and above $25,000 1.48 1.49
48 Month**
$0 - $9,999.99 $500 1.42 1.42
$10,000 - $24,999.99 $10,000 1.42 1.42
$25,000 and above $25,000 1.42 1.42
60 Month**
$0 - $9,999.99 $500 1.34 1.34
$10,000 - $24,999.99 $10,000 1.34 1.34
$25,000 and above $25,000 1.34 1.34
36 Month Step Up***
$0 - $9,999.99 $500 1.27 1.27
$10,000 - $24,999.99 $10,000 1.27 1.27
$25,000 and above $25,000 1.27 1.27
60 Month Step Up***
$0 - $9,999.99 $500 1.19 1.19
$10,000 - $24,999.99 $10,000 1.19 1.19
$25,000 and above $25,000 1.19 1.19

*Minimum balance to open is $5,000.00. The interest rate and annual percentage yield will not change for the term of the account. Early withdrawal penalties may apply.

**Minimum balance to open is $500.00. The interest rate and annual percentage yield will not change for the term of the account. Early withdrawal penalties may apply.

***Minimum balance to open is $500.00. The interest rate and annual percentage yield may be increased once by the accountholder during the term of the CD. Early withdrawal penalties may apply.