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.
CDs & IRAs
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 CD
- 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 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- Funds may be withdrawn without penalty at any one year interval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
CD Rates
Current 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.
Date Effective: 9/27/2016
| CD Term | Apply Now | Product Description | Interest Rate | APY | Minimum Opening Balance | |
| 3 Month |
|
Short-term CD allows you access to your funds in ten months or less. | 0.25% | 0.25% | $1,000 | |
| 6 Month |
|
Short-term CD allows you access to your funds in ten months or less. | 0.25% | 0.25% | $1,000 | |
| 9 Month |
|
Short-term CD allows you access to your funds in ten months or less. | 0.25% | 0.25% | $1,000 | |
| 12 Month*** |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.30% | 0.30% | $1,000 | |
| 13 Month |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.40% | 0.40% | $1,000 | |
| 18 Month |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.50% | 0.50% | $1,000 | |
| 24 Month**** |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.60% | 0.60% | $1,000 | |
| 36 Month |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 0.75% | 0.75% | $1,000 | |
| 36 Month Climbing Rate***** |
|
Receive the benefit of a higher return with the ability to withdraw funds at any sixth month interval. |
View Rates
|
$1,000 | ||
| 36 Month Guaranteed Growth****** |
|
Receive the benefit of a higher return with the ability to withdraw funds at any one year interval. |
View Rates
|
$1,000 | ||
|
48 Month |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 1.00% | 1.01% | $1,000 | |
|
60 Month |
|
Long-term CD allows you to earn a fixed rate of interest over an extended period. | 1.24% | 1.25% | $1,000 | |
| 60 Month Guaranteed Growth****** |
|
Receive the benefit of a higher return with the ability to withdraw funds at any one year interval. |
View Rates
|
$1,000 | ||
* Annual Percentage Yield
** Special - Only available with checking account
*** The Birthday CD is offered to our 50 Advantage clients
**** This certificate of deposit is considered a variable-rate account because the rate may change after the account is opened. This certificate allows for one rate adjustment prior to maturity at the consumer's option.
***** Funds may be withdrawn without penalty at any six month interval
****** 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.
Individual Retirement Accounts (IRAs)
Planning Your Retirement
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 Call Center for assistance.
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 on deposits will compound semi-annually
- Minimum deposit is $500
- Additions made in $100 minimums
- 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 tired rates (IRS guidelines and penalties apply)
- Earnings that can be tax deferred
- Earn competitive interest on higher account balances with tiered rates
Certificate of Deposit Disclosure Information
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 Certificates 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.
Disclosures
2 If the application is submitted after normal business hours, it may take up to two business days to validate your requested information.
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. 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.
