Certificates of Deposit allow you to earn a higher return for your money. A variety of terms allow you to select the option that fits your financial goals. There may be a penalty for early withdrawal. Ask a Relationship Banker for further information.
*11-month CD minimum balance is $5,000.
**See published rates for full balance requirements and terms.
***Each depositor insured to at least $250,000.
A certificate of deposit can create a stable foundation to your savings strategy. With a locked-in APY for the entire term, you're guaranteed account growth no matter what happens to variable rates.
Itasca Bank & Trust Co. offers a range of CD term lengths from 91 days to 60 months. Choose the option that makes sense for your savings timeline, whether you're planning a major purchase in a few months or in several years.
To spread out access to your funds, you can also create a CD ladder, which spreads out your maturity dates over several years. Each year, you can choose to pull out your cash or roll over the funds into a new term. This tactic staggers out your savings liquidity while taking advantage of fixed rates.