|Minimum to Open||$50||$2,500||$5||$5|
|Minimum Balance Required||$200||$1,000|
|October Pay Out|
|*Earns Interest||Four-tier rate structure, higher balances earn higher interest rates|
|ATM/ Debit Card |
|Yes, with a qualified checking account||Yes, with a qualified checking account|
|Fee||$2 if balance falls below $200 on any day of the quarter||$5 if balance falls below $1,000 on any day of the month|
Please see a Universal Banker for more details.
*Refer to current deposit rate sheet for rate.
A Certificate of Deposit at Sauk Valley Bank is the answer to a safe and profitable way to invest your money. CD’s allow you to lock in a rate of return for the term of the CD. We offer terms ranging from 14 days-60 months (we offer longer terms as well). With CD’s your dollars are FDIC insured so you can have the peace of mind that your money is safe, and working for you.
IRA CD Overview
An IRA CD allows you to grow your retirement funds with a fixed-rate guarantee throughout the term of the CD, along with the tax advantages of an IRA*, and FDIC insurance. We offer flexible terms, and opening deposit amounts, so your retirement savings works for you.
*For tax-related questions, please discuss with your tax advisor. Early withdrawal fees may apply, with exceptions for age and certain other conditions. All withdrawals are subject to IRA tax regulations and penalties.
For more information on FDIC insurance, check out the FDIC’s Electronic Deposit Insurance Estimator (EDIE).