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CERTIFICATE OF DEPOSIT (CD)
Put your money to work with this longer term savings solution. Choose from regular term or fixed-rate options.
CDs let you grow your savings over a set period of time with a guaranteed fixed rate of return. Associated Bank offers CDs with terms from 30 days to 60 months, giving you greater flexibility.
CDs generally offer better interest rates than other savings products, but you'll need to commit to a term of months or years to reap the benefits of that rate.
If you’re comfortable parking your savings for an extended period of time, a longer-term option might be right for you. However, if you think you’d like to access your money sooner rather than later, and you want to avoid worrying about early withdrawal fees, a shorter-term CD could be a great fit.
Maximize your return by laddering several CDs and staggering the terms. You’ll get FDIC protection up to the full legal limit.
Choose the certificate of deposit that's right for you
Regular term CDs—The more you save, the more you’ll earn.
Associated Bank CDs offer competitive rates and FDIC-insured deposits. Choose the term that’s most appropriate for your savings needs.
|
Features | |
|---|---|
| Terms available |
Choose from 3, 6, 9, 12, 18, 24, 30, 36, 48 or 60 month terms |
|
Minimum opening deposit |
$1,000 |
| Additional deposits |
At maturity |
|
Interest (credited and compounded) |
Quarterly and at maturity. You may choose to have your interest payment transferred to another Associated Bank account or issued by check if your CD account balance is $5,000 or more. |
|
Certificate renewal |
Automatically renews upon maturity |
|
Grace period |
The account owner has ten (10) calendar days after maturity to withdraw the funds without penalty. Interest is not paid during the grace period unless the funds from this CD are deposited into another Associated Bank CD. |
|
Early withdrawal penalty |
|
Fixed-rate add-on CDs—A fixed rate with added flexibility.
You want to save, but a higher minimum opening deposit can make it difficult to get started. Associated Bank gives you the fixed-rate add-on CD. All you need is $100 to open one. Plus, our fixed-rate add-on CD gives you the flexibility to make deposits throughout the term.
| Features
| |
|
Terms available |
12 months |
|
Minimum opening deposit |
$100 |
|
Additional deposits (any time, any amount) |
Unlimited |
|
Interest (credited and compounded) |
Quarterly and at maturity. You may choose to have your interest payment transferred to another Associated Bank account or issued by check if your CD account balance is $5,000 or more. |
|
Certificate renewal |
Automatically renews upon maturity |
|
Grace period |
The account owner has ten (10) calendar days after maturity to withdraw the funds without penalty. Interest is not paid during the grace period unless the funds from this CD are deposited into another Associated Bank CD. |
|
Early withdrawal penalty |
181 days simple interest |
Smart CD savings and a great rate? You got it. For a limited time, lock in a promotional rate of 4.00% annual percentage yield (APY) on a 7-month CD.
Call 800-236-8866
Customer Care Center
Minimum deposit required to open is $5,000. All interest rates and annual percentage yields (APYs) stated above are current as of October 23, 2024 and are subject to change at any time at our discretion. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. There may be an early withdrawal penalty when any principal amount is withdrawn before maturity. Interest is compounded and credited quarterly, except the following: the 30-day Mini Jumbo and the 3-month Fixed are compounded and credited at maturity and the IRA Money Market Savings is compounded and credited monthly.
After the account is opened, deposits or withdrawals may not be made without penalty until maturity, except for the following: deposits are allowed for the 12-month Add-on and deposits and withdrawals are both allowed for Starter IRAs and IRA Money Market Savings accounts. (1042)