Bankers Trust has a new CD rate promotion for customers in the Iowa and Arizona market areas served by the bank.  The certificates of deposit offered by the bank cover a range of maturities from the short term accounts to midterm accounts and have interest rates that are well above the average rate for comparable term CDs.  

The CD rate promotion is the bank’s 3-21 Month Pick-A-Term CD.  As the name implies, account holders can select a CD term from three months to 21 months in length.  The current CD rate is 1.33 percent APY.  The interest rate is the same regardless of the term selected.  The APY stated assumes a 12 month term.

The yield on these accounts can be boosted slightly for account holders that have additional relationship accounts or “packages” with the bank.  The relationship accounts include holding a checking account with minimum balance levels that will qualify for different relationship tiers or packages.  The relationship accounts can boost the yield on the CD promotion to a maximum of 1.43 percent APY.

The 1.33 percent rate offered on the Bankers Trust CD rate promotion is higher than the best rates available nationally on the top ten highest three month bank CDs, six month CDs, nine month CDs, and one year CD rates.

Bankers Trust has many different options including the current CD rate promotion.  Bankers Trust’s certificates of deposit come with a variety of competitive interest rates and several different flexible term options. 

The accounts provide different interest disbursements including interest that may be disbursed monthly, quarterly, semi-annually, annually, or at maturity by transfer to a Bankers Trust account or electronic transfer (ACH) to an account at another institution.  Interest earned is compounded annually.  Minimum balance needed to open the accounts and obtain annual percentage yield (APY) is $1,000.00.

Bankers Trust is headquartered in Des Moines, Iowa and is the largest privately owned financial institution in the state.  The bank has 12 branch offices in Iowa and Arizona as well as a lending office in Omaha, Nebraska.

The interest rate and annual percentage yield (APY) are effective as of 03/21/2015, and may change without notice.  Additional terms and conditions may apply.  More information about the current bank promotion can be obtained by visiting the bank web site at bankerstrust.com or by calling Bankers Trust customer service at 800-362-1688.

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