Clinton State Bank CD Rates

The Clinton State Bank touts itself as “The Bank That Understands.” This bank is a locally owned independent bank that has been around for over 100 years. That gives it a long and established history, not to mention a successful one! The philosophy of the Clinton State Bank is to serve all of its valued customers in a confidential, friendly and professional manner and to help them in every way possible to pursue their financial goals for the present and the future. The bank takes a common sense approach which is well appreciated by all of its customers.

The Clinton State Bank touts itself as “The Bank That Understands.” This bank is a locally owned independent bank that has been around for over 100 years. That gives it a long and established history, not to mention a successful one! The philosophy of the Clinton State Bank is to serve all of its valued customers in a confidential, friendly and professional manner and to help them in every way possible to pursue their financial goals for the present and the future. The bank takes a common sense approach which is well appreciated by all of its customers.

A certificate of deposit is the ideal investment choice for you if you want a low risk (or perhaps we could go as far as to say, no risk) investment. How a CD works is basically this- you loan a set amount of money to the bank for a predetermined period of time and in return you receive a guaranteed return on your money. Long-terms certificates of deposit tend to have higher interest rates than short-term certificates of deposit and therefore will earn you more of the return you are looking for in investments. CDs are an excellent way to start investing your cash.

The Clinton State Bank offers a basic savings account that only requires $1.00 to open it. The bank also has a money market account, a money market platinum account, certificates of deposit (CDs) and individual retirement accounts (IRAs). Only you can decide which type of account is the most appropriate type of account for you.

The CDs that are available at Clinton State come with a variety of maturity dates as well as various minimum opening deposits that are required. The interest rates for the certificates of deposit are all fixed rates, as opposed to variable rates. While the Clinton State Bank CD rates are available at the website you may wish to contact the bank directly if you have any questions. You can also inquire about any special offers that the bank may have.

Once you have opened the CD account you are not permitted to make either deposits or withdrawals until the maturity date has been reached. Your account will automatically renew once it reaches its maturity date. You are given a grace period of 10 days following the maturity to decide whether you wish to withdraw your money form the CD account or let it renew itself. If you decide to withdraw your funds then you can do so without being subject to a penalty. 

Here are the most recent Clinton State Bank CD rates as of July 1, 2010:

•    3 Months (Minimum Opening Deposit- $1,000): Interest rate of 0.995%, APY of 1.00%
•    6 Months ($2,500): Interest rate of 1.25%, APY of 1.25%
•    12 Months ($500): Interest rate of 1.49%, APY of 1.50%
•    24-33 Months ($1,000): Interest rate of 2.00%, APY of 2.00%
•    48-50 Months ($1,000): Interest rate of 2.50%, APY of 2.50%

When you are looking for a bank that understands, look to the Clinton State Bank!