Secure savings for your money
Farm Bureau Bank CDs are a secure savings option that let you lock into a rate for the length of the CD. For guaranteed returns and flexible terms, a CD is a good choice for your money. Plus, certificate of deposit accounts opened through Farm Bureau Bank are insured by the FDIC up to $250,000 per depositor.
- 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 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 full FDIC coverage for deposits up to $50 million. After you choose the maturity, your funds are placed into certificates of deposit issued within the CDARS bank network in increments of less than $100,000. This way both principal and interest are completely protected under FDIC regulations and 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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