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

ProsCons
Quick access to fundsModerate interest rate
Low minimum opening balanceLimited investment period

7 Month CD Special

Features

  • Interest Rate: 4.88%
  • APY: 5.00%
  • Minimum Opening Balance: $1,000

Key Considerations

Special offer with significantly higher interest, great for short-term savings.

Pros & Cons

ProsCons
Competitive interest rateShort-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

ProsCons
Easy fundingCompetitive 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

ProsCons
Higher interest rateMedium-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

ProsCons
Competitive interest rateMedium-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 5.00% 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

What is the highest Annual Percentage Yield (APY) currently offered by Centier Bank on their CDs?

The highest APY offered by Centier Bank is currently 5.00%, available on the 7-Month CD Special.

Are there penalties for withdrawing funds early from a Centier Bank CD?

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.

Does Centier Bank offer any special bonuses or promotions for opening a CD?

Central Bank may offer special promotions or bonuses periodically, that meet the requirements of the investors.

What is the minimum deposit required to open a Centier Bank CD?

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.

 How often does Centier Bank update its CD rates?

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.