Certificates of Deposit

A Certificate of Deposit (CD) from Itasca Bank & Trust Co. is a reliable way to grow your savings with a guaranteed return. With customizable terms and personalized service, you can build a savings strategy that aligns with your goals—whether short-term or long-term.

Custom CDs Built Around You

Not every financial goal follows a standard timeline. That's why we offer Custom CDs designed to match your specific needs. 

With a Custom CD, you can:

• Choose a maturity date that aligns with your financial plans
• Plan for major purchases, travel, or life events
• Lock in a guaranteed rate for the full term
  

Our team will work with you to structure a CD that fits your timeline - not the other way around.

IRA CDs: Retirement, Your Way

Your retirement plan should be as flexible as your future. Our IRA CDs provide a secure way to grow retirement savings while maintaining control over your timeline. 

We offer both Traditional and Roth IRA CDs, with:

• Customized term lengths aligned with your retirement goals
• Guaranteed returns for predictable growth
• Guidance from experienced bankers to help you choose the right option

Whether you prefer the stability of a CD or want to diversify your retirement savings, we’ll help you build a plan that works.

Open a CD at One of Our Local Branches

Opening a CD starts with a conversation.

When you visit us, we will:

• Review current competitive CD rates
• Help you select the right term and structure
• Open your CD and any companion accounts
• Identify additional ways to maximize your savings 

Certificates of Deposit Details

• Minimum balance requirements of $1,000 to open and earn interest. 
• Guaranteed interest rate for the full term.
• Must maintain the minimum balance to earn interest.
• Automatically renews at Standard Renewal Rate.
• Customizable CD terms are 182 days or greater.
• Customizable IRA CD terms are 12 months or greater.
• May be used as collateral for loans.
• FDIC Insured.**
• The disclosed annual percentage yield assumes interest remains on deposit until maturity. Early withdrawals may incur penalties, and fees may reduce earnings.

**Each depositor insured to at least $250,000.

Build a Smarter Savings Strategy

A CD can serve as a strong foundation for your savings plan. For added flexibility, consider CD laddering—spreading funds across multiple CDs with staggered maturity dates to balance access and returns.

Let’s Design Your Strategy Together

Every saver’s goals are different. Whether you’re planning for the near future or building long-term wealth, we’re here to help.

Talk with a Relationship Banker today to explore your CD, IRA CD, and CD Bonus Savings Account options.