Companion Savings Account

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.

**(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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Saving money and making money go hand in hand at Kerndt Brothers Savings Bank. 

Open a Certificate of Deposit (CD) for $1,000 or more and a term of six months or longer and qualify for a high-yield Companion Savings Account of equal or lesser deposit value.

Or, fund a new Traditional or Roth Individual Retirement Account (IRA), and qualify, too!

Either way, you'll earn a very competitive rate on your liquid savings while earning a high APY with your term CD or IRA account, too.

A Companion Savings Account helps you grow your money quicker while staying diversified with liquid and term accounts. With the Companion account, you'll build your savings faster for planned projects like a home improvement, a major purchase, vacation, or just a rainy day or emergency set-aside. Since there is no time commitment, you can withdraw when the money is needed. 

Companion Savings Account: 

• High-yield 3.35% APY* current as of 1/22/26. Rate may vary.
• Deposit value must be equal to or lesser than the CD or IRA deposit amount.
• No deposits allowed after the original open date. 
• Personal accounts only. 
• No time commitment. 
• Unlimited in-person withdrawals.
• Avoid the $3 monthly maintenance fee with an average daily balance of $50 or more per statement cycle.
• Call or visit your local branch for current CD and IRA rates.