Much better than stuffing money in your mattress.
A certificate of deposit or CD is a guaranteed way to save your money and earn interest that’s different from a normal savings account. You can’t take money in and out regularly. Instead, you place money in a CD for a set amount of time (e.g., 3 months - 12 months) and receive a guaranteed return of a specific amount. Unlike other types of investments, CDs are insured by the FDIC.
Our CDs are available to individuals, associations, organizations, corporations and more. See rates and terms for our business CDs.
What CDs are offered at Security State Bank & Trust?
| 3 Month Growth CD | 6 Month Growth CD | 9 Month Growth CD | 12 Month Growth CD | |
| Minimum deposit to open | $1,000 | $1,000 | $1,000 | $500 |
| Customer can add additional money to CD at any time without changing the term | ★ | ★ | ★ | ★ |
| $100,000 jumbo option | ★ | ★ | ★ | ★ |
| Interest earned can be left in your CD or can be paid monthly to you by check or directly deposited into another account | ★ | ★ | ★ | ★ |
| Loan collateral (You can pledge your CD as collateral on a loan) | ★ | ★ | ★ | ★ |
CDs will automatically renew at the end of the term.
Deposits will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000.00), for each deposit insurance ownership category. For more information, visit www.fdic.gov.
Open a CD
What are features and benefits of investing in a CD?
| Feature | Benefits |
| A Certificate of Deposit (CD) is a simple way to grow your savings with confidence. | When you invest in a CD, you agree to leave your money in the account for a set period of time in exchange for a guaranteed fixed interest rate, helping your money grow steadily. CDs offer predictable returns, and often pay higher interest than traditional savings accounts. |
| Your interest rate is locked during the CD term. | You’re guaranteed your original deposit PLUS the percentage earnings agreed on when you made the deposit – it’s insured by the FDIC up to $250,000. You won’t lose money even if the market drops. |
Looking for retirement savings?
Try an individual retirement account (IRA).
I have been banking with Security State Bank & Trust since 1998 or so. It's hometown, people I grew up with, went to school with...it's always been trustworthy.
