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A certificate of deposit is a type of high-interest savings account. You agree to place your money in the account for a set term, and at Central State Bank, you choose the CD term that works best for you. We offer several flexible terms and a guaranteed fixed interest rate, so you can be assured of your interest rate regardless of future market fluctuations. A certificate of deposit is a great low-risk savings option that can help you grow your money.
If you’re looking to add to your investment portfolio, a CD from Central State Bank is a secure personal investing option with a variety of benefits:
- No maintenance fees
- Higher interest rates than savings accounts
- Guaranteed fixed rate of return
- Flexible CD terms
- Automatically renews at the interest rate in effect at the time of CD maturity
- Secure online banking & mobile banking
- 24-hour telephone banking
For more information about opening a CD account at Central State Bank, contact your local branch, or view Central State Bank’s new CD rates for specific information about available term lengths, minimum deposit requirements, and annual percentage yield.
Looking for another high-interest savings account option? Learn more about our Money Market Accounts.