There aren’t many guarantees in life — but this is one of them. Set your watch and let your funds grow at a fixed rate.


Key Features

  • Earns Competitive, Fixed Interest
  • Guaranteed Returns
  • No Setup or Maintenance Fees
  • 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 

Building Iowa

since 1856