SCORE a GREAT RATE with a 1.71% APY* 18 Month CD 1.97% APY* 60 Month CD

Certificates of Deposit & IRAs Accent Photo

Certificates of Deposit

A Certificate of Deposit (CD) is a good way to set money aside for specific goals or long term savings, because you will receive a higher interest rate and there is no risk of losing your investment. You decide the term and the amount you want to invest. 

  • Interest compounded, deposited into an account, transferred or paid by check
  • Terms vary up to 60 months
  • Minimum balance requirements and substantial penalties for early withdrawal vary based on term or type of certificate
  • Interest rates subject to change at maturity

Certificates of Deposit Rates

Rates Effective: April 21, 2018

Term Minimum Deposit APR* APY** $50,000 APR* & Over APY**
7-31 days $1,000.00 0.15% 0.15% 0.20% 0.20%
91 days $1,000.00 0.15% 0.15% 0.20% 0.20%
182 days $1,000.00 0.20% 0.20% 0.25% 0.25%
1 year $500.00 0.40% 0.40% 0.45% 0.45%
2 years $500.00 0.80% 0.80% 0.85% 0.85%
2 1/2 years $500.00 0.80% 0.80% 0.85% 0.85%
3 years $500.00 1.00% 1.01% 1.05% 1.06%
4 years $500.00 1.00% 1.01%
5 years $500.00 1.95% 1.97%
4 years $5,000.00 1.15% 1.16% 1.20% 1.21%

Please see a Bank Representative for full details. Rates and terms subject to change at bank discretion. All interest rates are compounded daily. Penalty may be imposed for early withdrawal on certificate of deposit.

APY**: Annual Percentage Yield
APR*: Annual Percentage Rate


Individual Retirement Accounts

It is never too early or too late to start saving for retirement! The Napoleon State Bank offers two types of Individual Retirement Accounts (IRA). These accounts provide either a tax-deferred or a tax-free way to help you save for your retirement.

Traditional IRA

This account allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, depending on eligibility, contributions are tax deductible in the tax year for which you make them.

Roth IRA

This account gives savers a different incentive – nontaxable distributions. Regular Roth IRA contributions are not tax deductible, so owners will not pay federal taxes on distributions of these contributions. Under certain conditions, the earnings on Roth IRA contributions are also nontaxable when distributed.

To learn more about these accounts, call our Account Specialist at 812-852-4002.

Information about procedures for opening a new account