Certificates of Deposit

Custom CDs and Savings Options: Built Around You

Not every financial goal comes with a standard timeline. Whether you're planning a major purchase, preparing for travel, or aligning investments with life events, our Custom CDs allow you to choose precise maturity dates that work for your schedule.

With our Custom CDs, you can:

• Select a term that ends exactly when you need access to your funds.
• Create a plan that supports seasonal plans or large financial milestones.
• Invest with confidence, knowing your timeline is part of the strategy.

Need something specific? Tell us what you're working toward - we'll design a savings solution that supports it.

IRA Cds and Savings Options: Retirement, Your Way

Your retirement plan should be as flexible as your future is unique. That's why we offer IRA CDs that let you build a strategy suited to your long-term plans.

Whether you prefer the predictable growth of a CD or the accessibility of a savings account, we'll help you choose between Traditional and Roth IRAs - with term options tailored to your needs.

With our IRA accounts, you'll get:

• Customized term lengths that work with your retirement timeline. 
• Guidance from our experienced team to help you make confident decisions.

Let's Design your strategy together

Every saver's story is different and we're here to support yours. Connect with our team to explore CD and IRA options that reflect your priorities and give you more control over your financial path. Talk with a Relationship Banker today to start planning with confidence.

Certificates of Deposit Details

Certificates of Deposit (CDs) and IRA CDs allow you to earn a higher return for your money and because our CDs are customized for you, you select the best option for your financial goals. This means you can choose a specific length of time for the term. Then your Banker will work with you on the custom interest rate that best fits your needs. Visit a Relationship Banker to open your custom CD soon! 

• Minimum balance requirements of $1,000 to open a CD or an IRA CD and to earn interest. 
• Guaranteed interest rate for the length of the certificate term.
• Must maintain the minimum balance to earn interest.
• Automatically renews at Standard Renewal Rate.
• Customizable CD terms are greater than 182 days.
• Customizable IRA CD terms are greater than 12 months.
• Terms available up to 60 months.
• May be used as collateral for loans.
• FDIC Insured.**
• The disclosed annual percentage yield assumes that interest will remain on deposit until maturity. There may be a penalty for early withdrawal. Fees or withdrawals of interest will reduce earnings.

**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 30 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.

Savings tip: A CD savings method that offers a balance of liquidity, risk management, and interest rate optimization is called laddering. To create a CD ladder, divide your investment into multiple certificates of deposit (CDs) with staggered maturity dates. Instead of putting all your money into one CD, you spread it across several CDs that mature at different intervals (e.g., 1 year, 2 years, 3 years, etc.)