Friendly, personalized attention and convenient, full-service banking is what Earlham Savings Bank strives to deliver.  Earlham Savings Bank first opened for business January 3, 1931 in Earlham, Iowa.  The bank now has bank branches in Earlham, DeSoto, Des Moines and West Des Moines, Iowa.  The bank has been FDIC insured since January 1, 1934.  Earlham Savings Bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).

The bank has been serving consumers banking needs from the early days of the Great Depression.  At the end of 2008, the bank had assets of $203,951,000.  And during these turbulent economic times, the bank had a net operating income of $1,523,000 for the year.  At the end of 2008, the bank’s performance and condition ratios were outstanding with a core capital or leverage ratio of 13.44%, a tier 1 risk-based capital ratio of 20.53% and a total risk-based capital ratio of 21.79%.

Earlham Savings Bank offers personal and commercial banking services.  The banks loan portfolio consists of agricultural loans, residential mortgages, commercial real estate, commercial operating lines of credit, and consumer loans.  Earlham Savings Bank offers a line of straight forward, hassle-free checking accounts.  The bank also offers four types of savings programs as well as a tiered money market account with competitive interest rates to help consumers and investors reach their goals.  The bank provides certificates of deposit terms that range from 91 days to 60 months.

3 month certificate of deposit has an interest rate of 1.00%
6 month certificate of deposit earns an interest rate of 1.75%
1 year certificate of deposit interest rate is 2.00%
18 month certificate of deposit yields an interest rate of 2.50%
2 year certificate of deposit interest rate is also set at 2.50%
3 year certificate of deposit interest rate is 3.00%
The 4 year and 5 year certificate also yields an interest rate of 3.00%

These bank CD rates require a minimum deposit of $10,000.00.  Bank CD rates may change without notice prior to account opening and additional conditions may apply.  Bank early withdrawal penalties may apply to these CDs.  For the latest CD rates and more account information contact a bank representative at 515-758-2251.  Bank rates are also available on the bank website which can be found at www.earlhambank.com.

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