Certificates of Deposit (CDs)

Certificates of Deposit (CDs) at State Savings Bank

Earn More Money with Secure, High-Yield CDs

Looking for a safe, reliable way to grow your savings? State Savings Bank has different Certificates of Deposit (CDs) to help you earn more. We offer competitive, fixed interest rates. Our CD accounts provide a guaranteed return and the peace of mind you deserve.

What Is a CD?

A CD account is a type of time deposit offered by banks and credit unions. You deposit money for a fixed term and earn a guaranteed interest rate, usually higher than traditional savings accounts. CDs are a smart choice for anyone looking to lock in rates and grow savings without the risk of market volatility.

How Do CDs Work?

1. Deposit your money into the CD account.
2. Earn interest at a fixed rate throughout the term.
3. Receive your principal and earned interest at maturity.
4. Avoid early withdrawals to prevent penalties.

Benefits of Opening a CD at State Savings Bank

• Safe Investment: Low-risk, FDIC insured savings solution.
• Higher Interest Rates: Earn more than you would with a regular savings account.
• Support Your Financial Goals: Perfect for saving for a car, home, vacation, or retirement.
• Local Support: Work with knowledgeable banking professionals at our West Des Moines or Baxter branch.

Types of CD Accounts We Offer

• Traditional CD – Terms from 6 months to 5 years
• Health Savings Account (HSA) CD
• IRA CD – Available in both Traditional and Roth IRA options

Things to Consider Before Opening a CD

• Limited Access: Funds are locked until maturity (early withdrawals may result in penalties).
• CD Minimum Deposit: A $2,000 minimum is required to open a standard CD.

IntraFi Network Deposits Program

State Savings Bank is proud to be a member of the IntraFi Network Deposits program. This program offers a smart, secure way to protect large deposits with FDIC insurance coverage up to $25 million.

How it works:

• Your deposit is divided into amounts under $250,000.
• These funds are placed into CDs issued by other banks in the IntraFi network.
• Keeping each portion under the $250,000 FDIC limit ensures full insurance on both principal and interest.

Why it matters:

• Deposits are exchanged on a dollar-for-dollar basis, so your full investment stays with us.
• That means we can use your funds to support local community lending while you enjoy the security of FDIC coverage.

Ready to Open a CD?

Stop by our West Des Moines or Baxter location, or contact a friendly State Savings Bank representative today. View our current CD rates today, and let us help you find the best CD option to meet your savings goals.