Certificates of Deposit (CDs)

We offer competitive rates locally on our fixed-rate certificates of deposit (CDs). There is a $500 minimum deposit, and terms normally range from 3-month CDs to 5-year CDs. Bell State Bank & Trust’s flexible certificates of deposit (CDs), on the other hand, give you greater flexibility with your funds. If rates go up, you may increase the interest rate once during the term of the CD. If you need cash, you may withdraw up to half the balance without penalty once during the term if funds are on deposit over six days. These accounts require a $5,000 minimum deposit to open. Have questions about opening an account? Read our Online Account Opening FAQs.

Today’s CD Rates & Specials

Certificates of Deposit and Fixed Rate IRAs
Type and Term Minimum Balance
(to earn interest)
Interest Rate Annual Percentage Yield (APY) Payment Frequency
3 Month (91 Day) $500.00 0.10% 0.10% Maturity
6 Month (182 Day) $500.00 0.15% 0.15% Maturity
1 Year (12 month) $500.00 0.20% 0.20% Maturity
18 Month $500.00 0.35% 0.35% Semiannually
2 Year (24 month) $500.00 0.45% 0.45% Annually
3 Year (36 month) $500.00 0.75% 0.75% Annually
5 Year (60 month) $500.00 1.30% 1.30% Annually
7 Month Special $500.00 0.30% 0.30% Maturity
19 Month Special $500.00 0.50% 0.50% Semiannually***
27 Month Special $500.00 0.55% 0.55% Annually**
10 Month Flexible CD* (Not for IRAs) $2,500.00 ($5,000.00 to open) 0.15% 0.15% Maturity
15 Month Flexible CD* (Not for IRAs) $2,500.00 ($5,000.00 to open) 0.30% 0.30% Annually**
30 Month Flexible CD* (Not for IRAs) $2,500.00 ($5,000.00 to open) 0.55% 0.55% Semiannually

(Penalty for early withdrawal may be imposed)
* Once during the term, you may request to increase the interest rate and annual percentage yield to the current rate and annual percentage yield offered on a Flexible CD of a similar term.
** Interest will be credited annually and at maturity.
*** Interest will be credited semiannually and at maturity.


Choose a Bank Certificate of Deposit (CD) in 4 Easy Steps

Certificates of deposit (CDs) provide customers a “safe haven” for parking their money while accumulating interest. Putting money into a Bell State Bank & Trust certificate of deposit and getting it out are easy, so depending on how long the term of your CD, it offers “liquidity” in that your funds aren’t locked up for too long. Because many CDs can be opened for as little as $500, they are affordable to even the smallest investor. And while other investment options (such as stocks or mutual funds) may offer higher returns, they also carry higher risks and fees. In contrast, bank CDs guarantee the safety of the principal, plus the interest you’ve earned, because they are FDIC insured.

How do you invest in a certificate of deposit? Just follow these 4 steps:

1. Decide how long you want to invest a specific sum of money.

CDs come with a wide variety of terms (from 3 months to 5 years), which means you can adapt them to your needs. If you have money you want to “park” for just a short period, determine when you will need the money again. Will you have to pay taxes in three months? Will you want it for next year’s vacation? Remember, if you have to withdraw the funds before maturity, early withdrawal penalties may apply.

2. Remember that typically, the longer the term, the higher the interest rate for the certificate of deposit.

If you won’t need the money for some time, choose longer terms such as three or five years.

3. If you think rates are going to go up, you may want to choose a short-term certificate of deposit.

During a time of fluctuating rates, you may want to choose a shorter term in case rates climb significantly higher.

4. Consider that you can get a certificate of deposit that allows you the flexibility to withdraw your funds if needed.

Don’t forget, Bell State Bank & Trust also offers CDs with specific advantages. For example, our Flexible CDs allow you to increase the interest rate once during the term if rates go up, and withdraw up to half the balance without penalty once during the term if you need cash.



Do you have a question, or need more information about CDs? Contact one of our personal bankers.


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