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Deal Summary

Minimum $1,000 deposit, no maintenance fees, 6-month to 5-year terms available, flat interest rates based on term and deposit, 0.05-0.15% for $1,000 balance and between 0.20% and 0.40% for deposits over $10,000.

Charter Banks’s Top CD Rates

There is a minimum of $1,000 deposit for purchasing a CD through Charter Bank.

CD’s with a $1,000 balance can earn 0.05% APY for a 6-month term and 0.15% for terms between one and five years.

CD’s with a balance of $10,000-$250,000 earn 0.20% for 6-month terms, and 0.40% for terms between one and five years.

Interest is earned for every day up until maturity with interest being compounded and credited to the account semi-annually.

Early withdrawal before maturity is punishable by applicable fees. Included is free telephone and online banking.

Availability

To qualify for CD rates at Charter Bank you must first be a member. You can open a savings account for as little as a $50 deposit and a checking account with a $100 deposit. There is an online portal for applying for membership or you can go to one of their branches in the Saylorville Lake region to establish membership in person.

Branches in Iowa

Johnston, Grimes, Waukee, Ankeny

Bank Overview

Charter Bank is in Iowa bank that provides comprehensive business and personal banking services to qualifying members. They serve the surrounding areas of the Saylorville Lake region of Iowa. The bank is centered on helping the members succeed financially and they expand that to include the communities that members inhabit as well.

They happily contribute to fundraising efforts for local clubs and nonprofit organizations. As a local branch they only hire local employees and so they are familiar with the challenges facing the region and have financing options for individuals, families, and small businesses.  

Charter Bank is active in their community. They contribute financially to local schools in the region as well as community led events such as local parades. One of the main community contributions led by Charter Bank is that they help fundraise for local organizations and community clubs.

Many of the staff members and bankers at Charter Bank are active in their communities outside of the bank as well. They serve on local boards, organizations, and groups that are community focused. When you bank with Charter Bank you are banking with your neighbors and your friends. It is likely that you will see your banker at the local grocery store at some point.

Charter Bank has accessible financing and banking products that serve the local communities. You can open a savings bank account, make a retirement plan, finance your mortgage and much more with Charter Bank. They offer competitive rates on all financial products and create opportunities and growth within their region by financing small businesses.

This bank is a valuable resource for families and businesses within the Saylorville Bank region of Iowa. They are committed to delivering high quality banking services that support financial growth and stability in the communities that they themselves live and raise families in.