Heartland Bank CD Rates
When it comes to securing your financial investments, exploring investment options with reliable returns is paramount. Heartland Bank stands out CD Rates as a trustworthy financial institution that provides a range of investment opportunities to investors. Along with the Certificate of Deposit, the account terms are a cornerstone of their offerings.
Heartland Bank CD Rates
Here are some of the most popular cd offers by Heartland Bank;
6 Month CD
- Minimum to Open: $500
- Minimum Balance for APY: $500
- Interest Rate: 0.03%
- APY: 0.03%
Considerations
The 6-month CD from Heartland Bank provides a short-term investment option with a modest interest rate. This could be suitable for those seeking a conservative approach or a temporary placement for funds.
Pros & Cons
| Pros | Cons |
| Short-term commitment | Modest interest rate |
| Low minimum opening and balance | Limited potential for significant gains |
6 Month CD Special
- Minimum to Open: $5,000
- Minimum Balance for APY: $5,000
- Interest Rate: 5.03%
- APY: 5.15%
Considerations
This special 6-month CD offers a significantly higher interest rate, making it an attractive option for investors looking for a short-term commitment with the potential for higher returns.
Pros & Cons
| Pros | Cons |
| High-interest rate (5.15%) | Higher minimum opening and balance |
| Short-term commitment | Limited flexibility due to the term |
12 Month CD
- Minimum to Open: $500
- Minimum Balance for APY: $500
- Interest Rate: 3.93%
- APY: 4.00%
Considerations
With a 12-month term, this CD provides a slightly higher interest rate compared to the 6-month option. It strikes a balance between short-term flexibility and better returns, making it suitable for those looking for a middle-ground investment horizon.
Pros & Cons
| Pros | Cons |
| Moderate interest rate | Limited potential for significant gains |
| Balanced term length |
12 Month Option CD Special
- Minimum to Open: $5,000
- Minimum Balance for APY: $5,000
- Interest Rate: 5.13%
- APY: 5.25%
Consideration
Similar to the 6-month CD Special, this 12-month option offers an attractive interest rate for a slightly longer commitment. Investors willing to tie up funds for a bit more extended period can benefit from the enhanced APY, but the higher minimum requirements should be taken into consideration.
Pros & Cons
| Pros | Cons |
| High-interest rate | Higher minimum opening and balance |
| Better potential for returns | Limited flexibility due to the term |
24 Month CD
- Minimum to Open: $500
- Minimum Balance for APY: $500
- Interest Rate: 0.20%
- APY: 0.20%
Considerations
This 24-month CD provides a moderate interest rate and could be suitable for individuals seeking a more extended commitment with a conservative risk profile.
Pros & Cons
| Pros | Cons |
| A slightly longer-term commitment | Moderate interest rate |
| Low minimum opening and balance | Limited potential for significant gains |
36 Month CD
- Minimum to Open: $500
- Minimum Balance for APY: $500
- Interest Rate: 0.25%
- APY: 0.25%
Considerations
With a 36-month term, this CD offers a slightly higher interest rate for those comfortable with a more extended investment horizon. It provides a balance between stability and modest growth over a more extended period.
Pros & Cons
| Pros | Cons |
| Moderate interest rate | Relatively low APY |
| Longer investment horizon | Limited potential for significant gains |
How do Heartland Bank CD Rates Compare?
Heartland Bank CD rates exhibit a diverse range, catering to investors with varying preferences and risk tolerances. The comparison reveals distinct advantages and considerations for each term.
Short-Term vs. Long-Term – The 6-month and CD terms offer short-term commitments, providing flexibility for investors seeking quick access to their funds. However, the interest rates are relatively modest, with 0.03% and 5.15%, respectively.
Specialized Opportunities – The 6-month and 12-month Option CD Specials stand out with higher interest rates of 5.15% and 5.25%, making them attractive for those willing to commit to a slightly longer term. However, these options come with a higher minimum opening and balance requirement, limiting accessibility for some investors.
Balanced Approach – The 12-month and 24-month CDs strike a balance between short-term flexibility and a more extended commitment. While they offer moderate interest rates of 0.10% and 0.20%, respectively, they may appeal to individuals seeking stability with a modest potential for growth.
Long-Term Stability – For investors with a longer horizon, the 36-month CD provides a stable platform. Though it offers a modest interest rate of 0.25%, it suits those prioritizing stability over higher returns.
Overview Heartland Bank
Heartland Bank was established in 1988 by Tiney M. McComb who initially purchased shares of Croton Bank and then renamed it to Heartland Bank. It began as a bank for local farmers cultivating their crops for a living.
The bank has since continued to grow and is considered one of the premier community banks. Heartland Bank is also dedicated to helping their community in every way they can by donating to charity and establishing community outreach programs. Employees are encouraged to volunteer their time to local organizations that may need a helping hand.
Their employee initiatives include: Money Matters Free Financial Summit, United Way, 104.9 The River’s Mission Backpack, Proceeds from silent auction at the annual Holiday Party donated to local charities, Community Food Bank donations from employee collection at the annual Spring all-employee meeting, Johnstown Monroe’s Searfoss Elementary School 4th grade Financial Literacy, and Heartland Bank Charity Golf Classic.
The bank also sponsors the following events: Farm Science Review, Gahanna Creekside Blues & Jazz Festival, Grove City Arts in the Alley, Hartford Fair, Hilltop Bean Dinner, Downtown Newark Association Final Fridays, Pick-town Palooza, Reynoldsburg Tomato Festival, Summer Jam at Westgate Park, and the Westerville Music & Arts Festival.
Availability
You do not need to be a member of Heartland Bank to open up a CD with them, however, it is recommended.
Locations Heartland Bank
Branches in Ohio
The branches in Ohio are:
Columbus, Croton, Dublin, Gahanna, Grove City, Hilliard, Johnston, Newark, Pickerington, Reynoldsburg, Upper Arlington, Westerville, and Whitehall.
Branches in Kentucky
The branches in Kentucky are:
Mitchell, Fort Thomas, and Florence.
Frequently Asked Questions
The minimum opening deposit for the 6-month CD Special at Heartland Bank is $5,000.
Yes, you can typically withdraw funds from the 24-month CD before the maturity date, but it may be subject to early withdrawal penalties.
Yes, the interest rates for Heartland Bank CDs are typically fixed for the entire term of the certificate.
Closing a CD account before the maturity date may result in early withdrawal penalties, which can impact the total return on your investment.
Generally, once a CD account is opened, additional funds cannot be added during its term. CD accounts are designed for a fixed amount and term.