Certificates of Deposit (CDs)

• Competitive, fixed-rate interest earnings
  • Interest calculated on the daily balance method
  • Interest compounded and credited quarterly
• Rates higher than standard savings 
• Receive higher rates by selecting a longer term 
• Provides more guarantee than other risky investments 
• Set aside for future savings goals 
• A wide range of terms available (from 3 months to 5 years) 
• No setup or maintenance fees 
• Early withdrawals subject to penalty
• $1,000 minimum deposit to open 

Enjoy peace of mind with full FDIC protection on your high-dollar deposits. CDARS distributes your funds over $250,000 into CDs across different financial institutions. 

Your funds remain secure as they earn competitive interest — and you’ll only ever receive statements from Kerndt Brothers Bank. Put your higher balances to work, and let us do the work for you. 

• Interest above standard savings, which may compare favorably with other investment alternatives¹ 
• Greater security; multi-million dollar FDIC insurance coverage 
• Convenience; everything is managed internally by Kerndt Brothers Bank: 
  • One interest rate 
  • One regular statement 
  • One year-end tax form 
• Flexible maturity periods available 
• Helps support lending opportunities within your local community 

¹Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS^® Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by