Certificates of Deposits

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.

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Key Features

  • Earns Competitive Interest
  • Higher Returns Than Standard Savings
  • Fixed Rate = Low Risk

9 month CD at 3.65% APY*

Put your money to work without a long-term commitment. Minimum deposit requirement to open CD is $1,000.

Contact a personal banker at your local branch to explore options and set up an account.

Contact a Personal Banker

15 month CD at 3.65% APY*

Invest your money and let it build at a fixed, risk-free pace. Minimum deposit requirement to open CD is $1,000.

Contact a personal banker at your local branch to explore options and set up an account.

Contact a Personal Banker

33 month CD at 3.50% APY*

Invest today and let your money grow consistently over time. Minimum deposit requirement to open CD is $1,000.

Contact a personal banker at your local branch to explore options and set up an account.

Contact a Personal Banker

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For a limited time: Earn 4.05% APY** on a 9-month term Certificate of Deposit (CD) when you open and fund a High-Yield Companion Savings Account the same day. Minimum $5,000 investment in CD and Companion Savings, each. Plus, Heritage Club members can earn an even higher CD rate. Ask a banker for details. Offer expires April 30, 2026.

There's much to "appreciate" about a Certificate of Deposit (CD). Not only does your money grow while it earns a steady fixed interest rate... you'll also appreciate the higher-than-average earnings over a traditional savings account. CDs are a low-risk investment that offer: 

  • Competitive, fixed-rate interest earnings
  • Rates higher than standard savings 
  • More guarantee than other risky investments 
  • Set aside for future savings goals 
  • A wide range of terms available (from 182 Days to 60 Months) 
  • No setup or maintenance fees 

CDs are also FDIC insured up to $250,000, which means your money is backed by the full faith and credit of the U.S. Government. That's an investment with peace of mind.

(See CDARS section below for FDIC insurance option on amounts greater than $250,000)

*(APY) Annual Percentage Yield effective as of 10/15/25. Rate subject to change. $1,000 minimum deposit is required to open a new CD. Interest is calculated using the daily balance method. Interest is compounded and credited quarterly. Early withdrawal penalties may apply. 

**(APY) Annual Percentage Yield effective as of 3/17/2026. 9-month term. Stated rate is contingent upon customer funding a Companion Savings Account the same day as the Certificate of Deposit. $5,000 minimum deposit is required to open a new CD at this rate and Companion Savings Account must be opened at an equal or lesser deposit value as CD, minimum $5,000. Interest is calculated using the daily balance method. Interest is compounded and credited quarterly. Early withdrawal penalties may apply. Valid through April 30, 2026.

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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; we'll 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