Bremer Bank CD Rates
The financial terms and investment plans require the saving option which facilitates the authenticity and credibility of the deposit concern. In this regard, Bremer Bank CD Rates are fulfilling the requirements to all extents.
To depict, the generalized stance and clear the image for Bremer Bank, here is the comprehensive guide stated below;
Bremer Bank CD Rate Offers
The most precise and concise CD options are;
6 – 11 Month CD
Features
- APY: 1.25%
- Minimum Deposit: $500
- Access: Online, mobile, ATMs, and physical branches.
- Security: FDIC insurance up to the maximum amount allowed by law.
- Fees: No monthly fee, but early withdrawal penalties may apply.
Consideration
Early withdrawal penalty apply to this and all other related CD terms.
Pros & Cons
| Pros | Cons |
| Competitive APY for all balance tiers | Short-term, may not suit long-term investment goals |
| FDIC insurance for security | Early withdrawal penalties may apply |
12 – 23 Month CD
Features
- APY: 2.50%
- Minimum Deposit: $500
- Access: Online, mobile, ATMs, and physical branches.
- Security: FDIC insurance up to the maximum amount allowed by law.
- Fees: No monthly fee, but early withdrawal penalties may apply.
Consideration
Ensure you can meet the minimum deposit requirement.
Pros & Cons
| Pros | Cons |
| Low minimum deposit requirement | Early withdrawal penalties may apply |
36 – 47 Month CD
Features
- APY: 2.25%
- Minimum Deposit: $500
- Access: Online, mobile, ATMs, and physical branches.
- Security: FDIC insurance up to the maximum amount allowed by law.
- Fees: No monthly fee, but early withdrawal penalties may apply.
Consideration
It offers Convenient access through online, mobile, ATMs, and branches.
Pros & Cons
| Pros | Cons |
| Attractive APY, especially for higher balances | Medium-term commitment may not suit all investors |
| Less liquidity during the term |
60+ Month CD
Features
- APY: 3.00%
- Minimum Deposit: $500
- Access: Online, mobile, ATMs, and physical branches.
- Security: FDIC insurance up to the maximum amount allowed by law.
- Fees: No monthly fee, but early withdrawal penalties may apply.
Consideration
Before Choosing it, Consider your financial objectives and how long you can commit to leaving the funds untouched.
Pros & Cons
| Pros | Cons |
| Diversification for a long-term investment strategy | Early withdrawal penalties appl |
Are Bremer Bank CD Rates Competitive?
Bremer Bank CD rates appear to be competitive, particularly when considering the Annual Percentage Yields (APYs) provided for various terms. The rates offered, such as those outlined above, compare favorably with industry standards.
The bank’s commitment to offering attractive APYs across different balance tiers suggests a competitive stance in the market. Additionally, the presence of FDIC insurance adds a layer of security, enhancing the overall appeal of Bremer Bank’s CD offerings.
However, potential investors need to compare these rates with those of other financial institutions to ensure they align with individual financial goals and market conditions.
How do Bremer Bank CD Rates Compare?
When compared to other banks, Bremer Bank CD rates hold their own, offering competitive APYs across various terms and balance ranges. The rates provided for different CD terms, such as 6 – 11 months, 12 – 23 months, 36 – 47 months, and 60+ months, are comparable to or better than industry standards. Investors should consider the specific term lengths and balance tiers that best suit their financial objectives when making comparisons.
Overview Bremer Bank
Bremer Bank was established in 1943 and genuinely believes in putting their customer’s needs first. Their beliefs are surrounded by the belief that if banks are there during both good and bad times for their communities, the communities would still be able to thrive.
Bremer Bank has over $13 billion in assets and over $780 million paid in dividends to the Otto Bremer Trust since 1989.
In the community, Bremer Bank participates in a variety of non-profit organizations including Habitat for Humanity, United Way, Farm Rescue, Great Plains Food Bank, Latino Service Providers Network, Junior Achievement of the Upper Midwest, and more.
If you are looking for a bank that will be there for you when the going gets tough, this is the bank for you.
Availability
You do not need to be a member at Bremer Bank in order to open up a CD with them. This means that if you don’t have a checking or savings account, you can still get a CD here.
Location Bremer Bank
Branches in Wisconsin
The branches in Wisconsin are:
Onalaska, Eau Claire, Menomonie, Menomonie North, New Richmond, Amery, Siren, and Bayfield.
Branches in North Dakota
The branches in North Dakota are:
Minot, Rugby, Richardton, Devils Lake, Bismarck, Grafton, Fordville, Carrington, Larimore, Grand Forks North, Grand Forks, Casselton, Lisbon, Fargo, Wahpeton,
Branches in Minnesota
The branches in Minnesota are:
Houston, Winona, Saint Charles, Stewartville, Eyota, Austin, Rochester South, Rochester Downtown, Rochester North, Kasson, Owatonna, Eau Claire, Menomonie, Menomonie North, Mankato, Inver Grove Heights, Eagan, South Saint Paul, Woodbury, Stillwater, Saint Paul Lawson, Edina, Saint Paul Midway, Eden Prairie, Linden Hills, Roseville, Minneapolis, White Bear Lak, Saint Louis Park, Saint Anthony, Minnetonka, Brooklyn Center, Plymouth, Watertown, Redwood Falls, Marshall, Princeton, Willmar, Saint Cloud, Sartell, Rice, Duluth, Aitkin, Brainerd, Morris, Baxter, Alexandria, Brandon, Fergus Falls, Perham, Breckenridge, Detroit Lakes, Moorhead, International Falls, and Crookston.
Frequently Asked Questions
The minimum deposit for Bremer Bank CDs is $500.
Interest on Bremer Bank CDs is compounded daily.
Bremer Bank CDs do not have monthly fees, but early withdrawal penalties may apply.
Bremer Bank CD accounts can be accessed online, through mobile banking, ATMs, and at physical branches.
Yes, Bremer Bank CDs are FDIC-insured up to the maximum amount allowed by law, providing security for deposited funds.