Certificates of Deposit at Solon State Bank Iowa

Solon State Bank is a full service commercial bank.  The bank was opened in Iowa in 1932.  The bank has three branches in Iowa, in Solon, Tiffin and Ely.  Solon State Bank has been FDIC insured since January 1, 1934.  The bank is chartered as a Federal Reserve Non-member.  Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC).  The bank has assets of almost $80,000,000.  Through the first nine months of 2008, the bank had net income of $1,474,000.

Solon State Bank offers a large selection of bank service and products including checking and savings accounts, competitive rates on time certificates, IRA accounts and other investments.  Loans are available for all purposes, including home, farm, personal, auto and business.  The bank also offers safe deposit boxes, a trust department and ATM/Debit cards, which can be used in the bank’s own ATM’s or throughout the U.S.  With online banking, it is possible to bank with the Solon State Bank from anywhere in the world.
 
Solon State Bank provides the following certificate of deposit products and interest rate, requiring a minimum deposit of $2,500.00:
 
An eight month certificate of deposit rate is 1.95% APY.  
A nine month certificate of deposit has an interest rate of 2.00% APY.
A one year certificate of deposit earns a rate of 2.45% APY.
A twenty-seven month certificate of deposit rate is 2.80% APY.
A thirty eight month certificate of deposit yields a rate of 3.20% APY.
A four year certificate of deposit has an interest rate of 3.35% APY.
And a five year certificate of deposit rate is 3.50% APY.
 
With a minimum deposit of $1,000.00 Solon State Bank is also providing the following certificate of deposit rates and terms:
 
A fourteen month certificate of deposit earns a rate of 2.45% APY.
A fifteen month certificate of deposit has an interest rate of 2.45% APY.
An eighteen month certificate of deposit earns a rate of 2.70% APY.
A two year month certificate of deposit rate is 2.80% APY.
A thirty month certificate of deposit rate is 3.05% APY.
And a three year certificate of deposit rate is 3.20% APY.
 
Bank certificate of deposit interest rates are subject to change at the banks discretion prior to opening an account.  Additional conditions may apply to the certificate of deposit accounts.  For current CD rates and account information contact the bank directly at (319) 624-3405.  CD rates, account information and other disclosures can be found at the bank website, www.solonstatebank.com.

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This entry was posted on Saturday, February 14th, 2009 at 7:49 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.