Secure savings for your money
Farm Bureau Bank CDs are a secure savings option that lets you
lock into a rate for the length of the CD. If you are looking for
a stable, FDIC insured savings option with secured returns and flexible
terms, a CD is a good choice for your money.
- Competitive Rates
- Low initial deposit - $1,000 minimum to open
- Flexible terms from 3 months to 5 years
- Jumbo CD option – earns higher interest
for CDs that are $50,000 or greater
- Step-Up CD option – allows a one-time
rate increase
- Free 24-hour phone and Internet access
- Certificate of Deposit Account Registry Service® (CDARS) – Full FDIC insurance for deposits over $250,000 and up to $50 million
Jumbo CD:
Our Jumbo CDs are a great option for those looking to earn a higher
yield on larger sums of money. Farm Bureau Bank’s Jumbo CDs
start at just $50,000. Click here
for Jumbo CD rates.
Step-Up CD:
Farm Bureau Bank’s Step-Up option allows a one-time rate increase
during the term of your CD. You choose when to exercise the step-up
option and grow your interest.
CDARS:
Because Farm Bureau Bank participates in a nationwide network of FDIC-insured financial institutions, we can provide you with several advantages that CDARS offers, including FDIC insurance up to $50 million. For deposits over $250,000, your funds are placed into certificates of deposit issued within the CDARS bank network in increments of less than $100,000. This way, your funds are completely protected under FDIC regulations and are managed solely by Farm Bureau Bank. For more information about CDARS, or to apply, call a Farm Bureau Bank Personal Banker at 800.492.3276 or contact us by email.
On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance coverage became effective immediately upon the President's signature. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009.
Funds may be submitted for placement only after a depositor enters into a CDARS agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS (CD Account Registry Service) is a service mark of Promontory Interfinancial Network, LLC.
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