Personal Banking / CDs & IRAs
Make Your Savings Work for You
CDs and IRAs have always been popular with savers looking for more predictable funds. CDs are the easiest way to save if you don't need immediate access to your money. They usually pay you a higher interest rate than a traditional savings or money market account. An IRA is one of the best tools to help you fund your retirement, combining the benefits of tax deferral with potential interest compounding.
Current CD Rates
Current CD rates are posted for your convenience in making financial decisions. Realize they are subject to change.
With CD terms ranging from 3 months to 60 months, CDs compound daily and are automatically renewable unless otherwise noted. There is a $1,000 minimum on CDs, unless otherwise noted, and the rate is guaranteed for the term of the certificate.
You may apply for CDs online by clicking on the links below. CDs can also be opened at Centier branch locations or by calling our client service center at 1-888-CENTIER.
Date Effective: 7/18/2017
| CD Terms | Product Description | Interest Rate | APY1 | Minimum Opening Balance | Apply Now |
|---|---|---|---|---|---|
| 3 Months | Short-term CD allows you access to your funds in ten months or less. | 0.25% | 0.25% | $1000 | Apply Now |
| 6 Months | Short-term CD allows you access to your funds in ten months or less. | 0.25% | 0.25% | $1000 | Apply Now |
| 9 Months | Short-term CD allows you access to your funds in ten months or less. | 0.25% | 0.25% | $1000 | Apply Now |
| 12 Months | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.30% | 0.30% | $1000 | Apply Now |
| 12 Month Birthday CD3 | Special product for 50 Advantage checking clients. Earn more for every year beyond the age of 50. | 0.30% | 0.30% | $1000 | Apply Now |
| 13 Months2 | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.40% | 0.40% | $1000 | Apply Now |
| 18 Months | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.50% | 0.50% | $1000 | Apply Now |
| 24 Months | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.60% | 0.60% | $1000 | Apply Now |
| 36 Months | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.75% | 0.75% | $1000 | Apply Now |
| 36 Month Climbing Rate4 | Receive the benefit of a higher return with the ability to withdraw funds at any sixth month interval. | View Rates | $1000 | Apply Now | |
| 36 Month Guaranteed Growth5 | Receive the benefit of a higher return with the ability to withdraw funds at any one year interval. | View Rates | $1000 | Apply Now | |
| 48 Month | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 1.00% | 1.01% | $1000 | Apply Now |
| 60 Month | Long-term CD allows you to earn a fixed rate of interest over an extended period. | 1.24% | 1.25% | $1000 | Apply Now |
| 60 Month Guaranteed Growth5 | Receive the benefit of a higher return with the ability to withdraw funds at any one year interval. | View Rates | $1000 | Apply Now | |
1 Annual Percentage Yield
2 Personal Deposits Only
3 The Birthday CD is offered to our 50 Advantage clients
4 Funds may be withdrawn without penalty at any six month interval
5 Funds may be withdrawn without penalty at any one year interval
Government regulations require that we make the following disclosures available to you when you open an account with Centier. You may print these disclosures for your files, if you wish. Disclosures.
Customer Notice: To assist the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. Thank you for your cooperation.
Certificates of Deposit (CDs)
Combining Security & Growth
Centier Bank offers a wide variety of Certificates of Deposit, with terms ranging from 91 days to five years. Interest conscious individuals seeking maximum returns may benefit from special options that include a unique Climbing Rate CD, featuring an interest rate increase every six months or every year. Rates are subject to change on a weekly basis.
Term CDs
Terms are available from 91 days to 5 years
$1,000 minimum balance to open
Interest is compounded daily
Automatic renewal
Option CDs
Two-year term
Bump up your rate one time during the initial term if the rate rises
Climbing Rate CD
36-month CD that climbs to a higher rate every 6 months
Option to withdraw funds without penalty at the end of each 6-month period
Guaranteed Growth CD
36-month & 60-month CD that climbs to a higher rate every 12 months
Funds may be withdrawn without penalty at any one year interval
Birthday CD
Exclusive CD only for individuals with a 50 Advantage Checking account
Earn additional interest points for every year beyond 50
Personal deposits only
Individual Retirement Accounts (IRAs)
Planning Your Retirement
An Individual Retirement Account (IRA) is a proactive approach to saving and retirement planning. Whether you're planning for college or investing for retirement, Centier Bank offers a variety of IRAs to suit your needs. Visit your nearest Centier branch location to open a new IRA, or contact Centier's client service center at 1-888-CENTIER.
Fixed Rate IRA
1, 2, 3, 4, or 5 year Time Deposit with interest rate established weekly and guaranteed for the term of the certificate
Interest compounds daily
Minimum deposit is $500
Annual statement
IRA Savings
Make periodic contributions into an IRA (within the IRS guidelines) at any time
Transfer or rollover existing retirement funds
Take periodic distributions at any time
Combine other Centier IRA accounts into one account as they mature
Retirement funds are not locked into a specific timeframe
Liquidity of a savings account with tiered rates (IRS guidelines and penalties apply)
Earnings that can be tax deferred
Earn competitive interest on higher account balances with tiered rates
Disclosures
Please note the following disclosure information before proceeding to apply for your new Certificate of Deposit online.
- You must be a resident of Northwest Indiana to apply for Centier Bank Certificate of Deposit.
- Only personal deposits are accepted.
- Centier Bank Certificate of Deposit annual percentage yields are subject to change without notice; and there are penalties for early withdrawal.
- You will receive the CD current rate (on the day you fill out and send in your application) provided we receive your funds within 7 days. Current daily rates apply after that.
Government regulations require that we make the following disclosures available to you when you open an account with Centier. You may print these disclosures for your files, if you wish.
Customer Notice: To assist the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. Thank you for your cooperation.