Certificate of Deposit (CD) Accounts

Safe. Simple. Guaranteed Growth.

A young man talks with his banker about certificate of deposit accounts. Twin Cedars Bank knows that growing your savings should be secure, straightforward, and tailored to your goals. A Certificate of Deposit (CD) is a smart savings option that offers fixed, predictable returns over a set period—all backed by the strength of FDIC insurance.

What Is a Certificate of Deposit?

A CD is a type of savings account where your money earns a guaranteed interest rate for a fixed term, ranging from a few months to a few years. In exchange for keeping your funds in the account for the full term, you’ll typically earn higher interest than a traditional savings account.

How Do CDs Work?

Here’s how it works:

You choose a term (our CDs range from 9 months to 2 years).
You deposit a minimum of $500.
You earn a fixed interest rate throughout the term.
At maturity, you get your original deposit, plus all the interest you’ve earned.

Need to access your funds early? There may be a penalty, so we recommend choosing a term that matches your savings timeline.

Why Choose a CD?

CDs are an ideal solution if you’re saving for a specific goal and want the peace of mind that comes with a predictable return.

Guaranteed Returns – Your rate is locked in from day one.
High Interest Rates – Earn more than a traditional savings account.
FDIC Insured – Your funds are protected up to $250,000. Access insurance coverage above 250 K with Insured Cash Sweep.
Helps Prevent Impulse Spending – The early withdrawal penalty encourages saving discipline.
Great for Timed Goals – Ideal for saving for tuition, a vacation, a home, or another major expense.

CD vs. Savings Account – What’s the Difference?

CDs offer higher interest, but your funds are locked in for a term.
Savings accounts give you access to your money anytime, but typically at a lower interest rate.

Use CDs for planned savings with a defined goal. Use savings accounts for emergency funds and short-term needs.

Our CD Terms & Rates

At Twin Cedars Bank, we offer:

Terms from 9 months to 2 years
Minimum deposit: $500
Competitive fixed rates
Flexible renewal options

Check Our CD Rates

CD interest rates may vary based on market conditions and Federal Reserve policies. Longer terms may offer higher yields, but always consider what fits your financial goals best.

Understanding Interest Rate vs. APY

Interest Rate is the rate you earn annually, without compounding.
APY (Annual Percentage Yield) includes the effects of compounding, giving you a more accurate picture of what you’ll earn over time.

Always check the APY when comparing CDs, as it reflects your true annual return.

How to Choose the Right CD

When selecting a CD, consider:

Your savings goal – Are you saving for something specific with a deadline?
How long can you set aside funds? Choose a term that matches your timeline.
Current CD interest rates and APYs – Look for the best return with the least compromise.

Ready to Grow Your Savings with a Local Bank That Knows You?

At Twin Cedars Bank, we combine competitive rates with unmatched personal service. Our team is here to help you select the CD that fits your goals—whether you’re saving for your future, your family, or your farm.

As your community bank, we’re proud to serve Iowa families, businesses, and farmers with personalized attention and financial tools that make sense. Whether planning for the future or building a diversified portfolio, a CD from Twin Cedars Bank is a secure and simple way to grow.

Apply online, or visit one of our Iowa bank branches today to open your CD account.