Centier Bank CD Rates
Centier Bank’s CD offerings reflect a commitment to provide competitive rates that align with the financial goals of their customers. The following introduction sets the stage for a closer examination of Centier Bank’s CD rates and all other aspects that makes them a noteworthy option in the realm of savings and investment.
Centier Bank CD Rate Offers
The authorized CD offers by Centier Bank are provided below;
6 Months CD
Features
- Interest Rate: 0.75%
- APY: 0.75%
- Minimum Opening Balance: $1,000
Key Considerations
Slightly higher interest than the 3-month CD with still short-term access.
Pros & Cons
| Pros | Cons |
| Quick access to funds | Moderate interest rate |
| Low minimum opening balance | Limited investment period |
7 Month CD Special
Features
- Interest Rate: 5.02%
- APY: 5.15%
- Minimum Opening Balance: $1,000
Key Considerations
Special offer with significantly higher interest, great for short-term savings.
Pros & Cons
| Pros | Cons |
| Competitive interest rate | Short-term investment |
| Low minimum opening balance |
12 Months CD
Features
- Interest Rate: 1.98%
- APY: 2.00%
- Minimum Opening Balance: $1,000
Key Considerations
It is a standard one-year term with competitive interest.
Pros & Cons
| Pros | Cons |
| Easy funding | Competitive interest rate |
| Minimum opening balance |
18 Months CD
Features
- Interest Rate: 1.24%
- APY: 1.25%
- Minimum Opening Balance: $1,000
Key Considerations
It is a mid-term investment with a moderate interest rate.
Pros & Cons
| Pros | Cons |
| Higher interest rate | Medium-term investment |
| Limited investment period |
24 Months CD
Features
- Interest Rate: 1.49%
- APY: 1.50%
- Minimum Opening Balance: $1,000
Key Considerations
A two-year investment with a slightly higher interest rate.
Pros & Cons
| Pros | Cons |
| Competitive interest rate | Medium-term time period |
Are Centier Bank CD Rates Competitive?
Centier Bank CD rates can be considered competitive, especially for specific terms. For instance, the 7-Month CD Special offers an impressive 5.15% APY, which is notably higher than the rates offered by many other financial institutions for a similar short-term CD.
However, the competitiveness may vary depending on the specific CD term, and it’s advisable to compare rates across different terms and financial institutions for a comprehensive evaluation.
Overview Centier Bank
Centier Bank has its headquarters in Whiting and it is the 7th largest bank in Indiana. Centier Bank is also the 242nd largest bank in the nation. Centier Bank was established in 1895. As of 2020, Centier Bank has grown to 890 employees and now has numerous branch locations. Centier Bank cares deeply about their members and they have excellent customer service.
Availability
In order to access Centier Bank’s Credit Union CD rates, you must be an active member of their bank. Fortunately, membership applications are quite easy at Centier Bank and fast. You should be in and out of the branch in no time.
In order to apply for membership at Centier Bank you may either visit a branch location (locations are in Indiana) or you could do so on the phone by calling 1-888-Centier.
Locations Centier Bank
Centier Bank does not have any current branches in California. However, they do have several in Indiana.
Frequently Asked Questions
The highest APY offered by Centier Bank is currently 5.00%, available on the 7-Month CD Special.
Yes, Centier Bank typically imposes penalties for early withdrawals from their CDs. It’s important to review the specific terms and conditions of each CD to understand the associated penalties for early withdrawal.
Central Bank may offer special promotions or bonuses periodically, that meet the requirements of the investors.
The minimum deposit varies based on the CD term. Generally, Centier Bank CDs have a minimum opening balance requirement, as indicated in the provided information for each specific CD term.
Centier Bank CD rates may change based on market conditions. Customers can stay informed about rate updates by regularly checking the official Centier Bank website.