Certificate of Deposit

Flanagan State Bank offers a risk-free way to grow your funds with a CD, providing a guaranteed return without stock market fluctuations. Simply choose your term, lock in your rate, and enjoy an increase in funds at the end of the term. CDs are FDIC insured up to $250,000.

Current Rates

Rates effective as of 10/21/2024.

*APY = Annual Percentage Yield
**Interest rate is variable and may change after the account is opened.
See account disclosures for additional account information.

PLEASE NOTE:  APY assumes interest remains on deposit.  A withdrawal or fees could reduce earnings.  A penalty will be imposed for early withdrawal.  Rate changes are made at the Bank’s discretion.  Rates are subject to change without notice.

Relationship Special

Available to customers with an active checking account with Flanagan State Bank

TermMinimum Deposit to Open & Obtain APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
6 Month$10,000.004.52%4.60%3 Months91 Days

Large Depositor Special

TermMinimum Deposit to Open & Obtain APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
6 Month$50,000.004.28%4.35%3 Months91 Days
6 Month$100,000.004.38%4.45%3 Months91 Days
6 Month$250,000.004.52%4.60%3 Months91 Days

Standard Certificates of Deposit

TermMinimum Deposit to Open & Obtain APY*Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
1 Month$50,000.00 3.94%4.00%1 Month30 Days
3 Month$5,000.00 2.88%2.91%3 Months91 Days
6 Month$1,000.00 2.09%2.11%3 Months91 Days
9 Month$5,000.00
2.23%2.25%3 Months91 Days
12 Month$500.002.42%2.44%3 Months91 Days
18 Month$5,000.00 2.20%2.22%3 Months182 Days
24 Month$1,000.00 2.20%2.21%6 Months182 Days
36 Month$1,000.00 1.94%1.95%6 Months365 Days
60 Month$1,000.00 1.76%1.77%6 Months365 Days

Benefits of a CD:

  • Guaranteed return
  • Longer terms offer higher rates
  • Automatic renewal
  • 10-day grace period after maturity
  • Minimum deposits starting at $500

Is a CD Right for You?

A CD is ideal if you can commit to leaving your balance untouched for the term. If you need more access to your savings, consider other accounts like Kasasa Saver, Personal Savings, or a Money Market Investment Account.

Open a new CD account today!

Set up a new CD account consultation by contacting us or visiting your nearest location!