Bank CD Rates at Bank of Deerfield

Serving the community of Deerfield and South Central Wisconsin, the Bank of Deerfield is an independent community bank.  The bank offers complete financial programs for individuals, professionals and business in the area.  The Bank of Deerfield was founded in 1887 by H.B. Fargo and was originally known as the H.B. Fargo Company.  In 1909 the business name was formally changed to the Bank of Deerfield.

Bank of Deerfield is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  Bank of Deerfield has been FDIC insured since 1934.  As of the third quarter of 2008, the bank had assets of $80,291,000.  Through the first three quarters of that same year, the bank had net income of $1,224,000.  Bank of Deerfield has two bank branches locations.

Bank of Deerfield offers a variety of personal banking, investment, and financial planning services to help its customers manage their money, build their wealth and progress towards their financial goals.  Bank products and services include; checking accounts with free checking accounts, regular checking accounts, interest earning checking accounts, savings accounts, minors savings (18 and under), variable rate statement savings account, insured money market accounts and certificates of deposit.

The bank fixed rate certificates of deposit come with terms from 3 months to 5 years.  Current CD rates and terms:

3 month CD has an interest rate of 1.90% APY
6 month CD rate is 2.15% APY
One year CD yields an interest rate of 2.30% APY
18 month CD rate is 2.55% APY
Two year CD earns an interest rate of 2.75% APY
30 month CD rate is 2.80% APY
Three year CD has an interest rate of 2.95% APY
Four year CD yields a rate of 3.25% APY
Five year CD rate is 3.50% APY

The bank is also promoting two CD rate specials.  The first special is for a 15 month CD that has a rate of 2.85% APY and the second CD rate special is for 39 month CD with a rate of 3.25% APY.

In addition to these CDs, the bank offers a 3 year certificate of deposit that includes a one time option to change the rate to the current 3 year flex rate for the remainder of the term.
The three year flexible certificate of deposit has an interest rate of 2.95% APY.

There is a minimum deposit of $1000.00 for the 90 day bank CD, a $500.00 minimum deposit for all other standard bank CDs and a $2,500.00 minimum deposit requirement for the special CD rates and terms.

Rates on bank CD products are subject to change.  Please consult a personal banker prior to opening any investment account to verify the current CD rates by calling 608-764-5411.  Savings and CD rate information is also available on the bank web site which can be found at www.bankofdeerfield.com.

Tags: 1 year CD rates, 2 year CD rates, 5 year CD rates, 6 month CD rates, Bank of Deerfield, Banks, CD rates, checking accounts, rates, savings

This entry was posted on Sunday, February 8th, 2009 at 9:51 pm and is filed under Bank Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.