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Certificate of Deposits (CDs)

Achieve Financial Growth With Secure Certificates of Deposit at Citizens State Bank

At Citizens State Bank, we are dedicated to helping you achieve your financial aspirations through our range of banking services in Wisconsin. With a rich history of serving our community, we offer a variety of financial products tailored to meet your needs, including our highly regarded Certificates of Deposit (CDs). When you choose a CD in Wisconsin with Citizens State Bank, you are opting for a secure and predictable way to grow your savings. Our dedication to customized care guarantees your financial path is rewarding and stress-free.
 
Whether you’re setting aside funds for a future expense, planning for your retirement, or looking for a safe place to grow your emergency fund, our CD options offer flexible terms to meet your unique financial goals. Citizens State Bank takes pride in building long-lasting relationships within our community, ensuring each customer receives personalized financial solutions backed by our expertise.
 
By partnering with us, you gain access to financial tools and guidance designed to maximize your savings potential and help you prepare for every milestone in life. Experience the difference a local bank rooted in community values can make when it comes to safeguarding your money and achieving financial peace of mind.

A Certificate of Deposit (CD) is a financial product that allows you to deposit a specific sum of money for a set length of time, which can range from a few months to several years. In exchange for your commitment, you receive a guaranteed interest rate typically higher than a standard savings account. CDs are an excellent choice for individuals seeking a low-risk investment with predictable returns. By locking in your funds for a set term, you benefit from the stability and security that CDs offer, making them an ideal option for both short-term savings goals and long-term financial planning.
 
While offering exceptional safety and reliability, CDs can also be customized to align with your broader financial strategy. The clear advantage is in their predictability, granting you the ability to plan confidently without the uncertainties often associated with other financial products. Citizens State Bank goes beyond simply providing CDs—we work closely with you to ensure your chosen product supports your life’s financial objectives seamlessly.
 
Explore our variety of CD plans with terms designed for flexibility, allowing you to select maturities that complement your financial timeline. 
 
There are several reasons why you may consider using a CD  to manage your savings goals. Here are some of the main benefits or advantages of saving money with certificate of deposit accounts:

1. Safety: Along with savings accounts and money market accounts, CDs are some of the safest places to keep your money. That’s because money held in a CD is insured. So long as you purchase your CD account through an FDIC-insured bank, you’re covered if the bank shuts down or goes out of business. The current coverage limit is $250,000 per depositor, for each account ownership category, per financial institution. At federal credit unions and the majority of state-chartered credit unions, the NCUA insures your money up to the same limits.

2. Guaranteed Returns: CD accounts offer predictability in that it’s relatively easy to determine how much interest you’ll earn over time, since rates are typically fixed for the entire term. Certificate of deposit calculators allow you to plug in the amount you’re saving and your APY to gauge how much your money will grow. For example, say you open a five-year CD with $5,000 and earn a 1.00% APY. At the end of your CD term, you’d have $5,255 and change. If you’re saving for a long-term goal that has a specific end date, you can tailor your choice of CD terms and interest rates to help you meet your goal.

3. Higher Rates: Compared to savings accounts or money market accounts, CDs potentially can offer higher interest rates on deposits. That’s because you agree to keep your money in the CD for a set time period. The interest rate and APY you earn depend on the bank, the CD term and the current interest rate environment. When comparing high-yield savings accounts and CDs side-by-side, it’s helpful to see how interest rates compare. And if you’re opening a CD when rates are relatively low overall, you may lean toward a bump-up or step-up CD that allows you to capitalize when rates begin to rise.

4. CD Laddering: CD laddering is a savvy savings technique that allows you to keep your money liquid and accessible while taking interest rate changes into account. When you build a CD ladder, you’re essentially opening multiple CDs at different interest rates and with varying dates of maturity. This approach to using certificates of deposit for savings means you continuously have CDs that are maturing. You can then decide whether to take your money out or roll it into a new CD to take advantage of higher rates.

5. No Monthly Maintenance Fees: With savings accounts or money market accounts, you may get charged a monthly maintenance fee to use the account, which can quickly eat into your interest earnings. Certificate of deposit accounts, on the other hand, typically don’t charge a monthly maintenance fee.
This means you get to keep all the interest you earn. Assuming you don’t need to withdraw money from a CD before it matures, CDs can be a fee-friendly way to grow savings.
 
6. Flexible Term Options: CDs offer a broad range of term lengths, giving you the opportunity to select an option that fits your plans perfectly. Whether you’re saving for a specific short-term goal or creating a foundation for long-term financial stability, Citizens State Bank’s array of CD terms ensures there’s a solution for everyone.

7. Automatic Renewals: With Citizens State Bank CDs, you can enjoy the convenience of automatic renewal options available once your term ends. This feature allows you to continue growing your savings seamlessly without revisiting your plan unless desired. Of course, our team is always available for consultations if your financial priorities evolve.

8. Local Commitment: When you invest in a CD with Citizens State Bank, you are, in a sense, giving back to your local community. Our bank reinvests in the region, supporting local businesses and contributing to the prosperity of the Wisconsin areas we serve. Choosing us means aligning your financial growth with a broader commitment to community revitalization.
 
Opening a CD at Citizens State Bank is simple and accessible, whether you prefer visiting us in person or completing the process online. If you’re unfamiliar with the CD options or which term is best suited to your financial objectives, our friendly experts are here to assist. You’ll receive guidance at every step to ensure you make a confident decision.
 
By providing user-friendly tools and a trusted local team, Citizens State Bank makes securing a Certificate of Deposit an easy and rewarding experience.