|
|
Certificates of Deposit are a great way to save for the future. They earn a much higher rate of interest than savings accounts. In addition to our regular line of CDs, we created three very special CDs to help you plan for your future.
|
 |
|
Even if you invest in the stock market, you should also consider depositing a portion of your investments into FDIC insured CDs at Bank of Zumbrota. There are no guarantees with the stock market, but with a Bank of Zumbrota CD we guarantee that you will not lose any principal, plus you have a guaranteed rate of return for the term of
the CD! Now that's peace of mind. |
| |
| In addition
to our special CDs above, we have a variety of CDs with
terms ranging from 91 days to 5 years. You can even set up
different maturity dates for special events in your life.
For example, if your teenager is planning to go to college,
you may want to put your money into a CD that matures right
around the time you'll need to begin paying for books and
tuition. Maybe your daughter is getting married in a year-
how about a 1 year CD? With CDs, you can tuck money away
so that it will be there when you need it. |
CD TERMS: 91 days, 182 days, 1 year, 2 year, 3 year,
4 year, 5 year
Interest may be paid to the CD, a BOZ checking or savings account, or an interest check.
Free Online Banking
Free 24-Hour TeleBanking
FDIC Insured
 |
Certificates of Deposit |
|
|
Compound Quarterly - Penalty for early withdrawal
|
Balance
< 24,999.99 |
Term |
APY |
Rate |
|
Minimum balance to open and earn the following APYs is $500.00 |
|
|
|
|
|
91 Day |
2.27% |
2.25% |
|
|
182 Day |
2.68% |
2.65% |
|
|
1 Year |
2.83% |
2.80% |
|
|
2 Year |
3.04% |
3.00% |
|
|
3 Year |
3.39% |
3.35% |
|
|
4 Year |
3.55% |
3.50% |
|
|
5 Year |
3.70% |
3.65% |
|
|
2 Year Inflate Your Rate |
2.93% |
2.90% |
|
|
3 Year Triple Play |
3.19% |
3.15% |
Balance
=/> 25,000.00 |
Term |
APY |
Rate |
|
Minimum balance to open and earn the following APYs is $25,000.00 |
|
|
|
|
|
91 Day |
2.52% |
2.50% |
|
|
182 Day |
2.93% |
2.90% |
|
|
1 Year |
3.09% |
3.05% |
|
|
2 Year |
3.29% |
3.25% |
|
|
3 Year |
3.65% |
3.60% |
|
|
4 Year |
3.80% |
3.75% |
|
|
5 Year |
3.96% |
3.90% |
|
|
2 Year Inflate Your Rate |
3.19% |
3.15% |
|
|
3 Year Triple Play |
3.44% |
3.40% |
|
|
| |
 |
Another great product is our Inflate Your Rate CD that gives you the ability to increase your rate one time during the 2-year term of the CD. |
|
|
Have you ever wanted to add money to your existing CD? You can with our Triple Play CD. |
| |
|
INFLATE YOUR RATE CD |
|
Sometimes customers buy a CD for a certain length of time only to find out that within a few months, the interest rates went up. Unfortunately, their CD rate doesn't change until it matures. Our 24-month Inflate Your CD is designed to help you out when rates are on the increase. It gives you the opportunity to increase your rate one time during the term of the CD. You can also make a deposit to your CD when you increase your rate. Once you increase your rate, you will earn the new higher rate of interest on all of the money in your CD until it matures.
ACCOUNT FEATURES:
-
$500 minimum deposit to open the account
-
24-Month term
-
Interest compounds quarterly
-
Interest is paid quarterly (paid to the CD, BOZ checking or savings account, or interest check)
-
There may be a penalty for early withdrawal
-
Free Online Banking
-
Free 24-Hour TeleBanking
-
FDIC Insured
|
|
TRIPLE PLAY CD |
|
Bank of Zumbrota's 36-Month Triple Play CD offers a great deal of flexibility. You'll find that it makes sense for customers who want to combine several CDs that mature at different times. During the 36-Month term, you may make up to 3 deposits in increments of at least $3,000 and still continue to earn the initial interest rate. This a real benefit if you have additional funds to invest during a time of decreasing rates!
ACCOUNT FEATURES:
-
$500.00 minimum deposit to open the CD
-
36-Month Term
-
Automatically renewable
-
Interest compounds quarterly
-
Interest is paid quarterly (add to CD, or credit BOZ checking or savings, or interest check)
-
Make 3 deposits of at least $3,000 each during the 36-month term
*there may be a penalty for early
withdrawal
-
Free Online Banking
-
Free 24-Hour TeleBanking
-
FDIC Insured
|
|
|
|
|
All Rights Reserved,
© Copyright Bank of Zumbrota 2000.