Think Mutual Bank is a full-service banking institution based in Rochester, Minnesota.  The bank was formed in 2007 and is chartered as savings association regulated by the Office of Thrift Supervision.  Think Mutual Bank offers personal and commercial banking services.  The bank offers a wide variety of consumer loan options, a full range of deposit products, as well as home financing.  The certificates of deposits issued in Minnesota and all other deposit products are insured under the FDIC.

Think Mutual Bank offers a number of savings options for its customers including certificates of deposit.  The bank CDs can be used to save for a variety of financial goals, both long term and short term.

The certificates of deposit are accounts are established where the funds are held for predetermined length of time, Think Mutual Bank CDs range from 3 months to five years in term or maturity.

The minimum deposit on the fixed rate bank CDs starts at a low $250.00 or just $10.00 for those customers that establish an automatic deposit on the variable rate CD accounts.  Additional deposits can be made to existing variable rate CDs.

Current CD terms and CD rates in Minnesota offered by Think Mutual Bank include:

3 month fixed rate CD is 0.60% 
6 month CD rate 0.95%  
1 year fixed CD interest rate 1.50% 
18 month bank CD rate is 1.55% 
2 year fixed CD rate in Minnesota is 1.75% 
30 month fixed bank CD rate is 1.85% 
3 year CD interest rate 2.20% 
4 year CD rate 2.45% 
And the 5 year Minnesota CD rate is 2.90% 

There are no service fees or sales charges on the bank CDs.  The annual percentage yields listed are based on the assumption that interest will remain in the bank CD account until maturity.  Interest earned and renewed into the CD account becomes part of the principal balance and is subject to penalty if withdrawn.  Interest earned and paid during the term of an account can be withdrawn without penalty.
 
Bank rates and CD rates subject to change at the bank’s discretion before opening the account.  Additional conditions may apply.

For current Minnesota CD rates offered by Think Mutual Bank and additional account information a bank representative can be reached at 1-800-288-3425.

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