CDs & IRAs
Heartland Bank Certificates of Deposit (CD) and Individual Retirement Accounts (IRA) are a safe and secure way to earn a higher rate of return on your investment. Highly competitive interest rates/annual percentage yields make Heartland Bank CDs and IRA accounts a wise investment choice.
CD Rates
Current CD rates and annual percentage yields.
Annual Percentage Yield (APR) is effective as of September 1, 2010.
|
Term of CD
|
Min. Bal. To Open &
Obtain APY
|
Interest Rate
|
APY
|
|
90 day
|
$1,000.00
|
0.50%
|
0.50%
|
|
182 day
|
$1,000.00
|
0.75%
|
0.75%
|
|
12 month
|
$1000.00
|
1.24%
|
1.25%
|
|
18 month
|
$1000.00
|
1.59%
|
1.60%
|
|
24 month
|
$1,000.00
|
1.74%
|
1.75%
|
|
36 month
|
$1,000.00
|
2.03%
|
2.05%
|
|
48 month
|
$1,000.00
|
2.23%
|
2.25%
|
|
60 month
|
$1,000.00
|
2.48%
|
2.50%
|
APY = Annual Percentage Yield.
CD = Certificate of Deposit.
-
Interest is earned on the collected balance in the account for each day.
-
Interest is compounded and credited on a quarterly basis for CD maturities of 12 months or more.
-
Interest is credited and paid at maturity for CDs with terms less than 12 months.
-
APYs assume interest remains on deposit until maturity and a withdrawal will reduce earnings.
-
All CD accounts may be subject to an early withdrawal penalty.
-
Additional deposits may be made to the 14 Month "Back to Savings" CD. Deposits must be at least $100 and may not exceed $50,000 per term. No deposits will be allowed 10 calendar days prior to maturity. Additional deposits may not be permitted after initial maturity.
IRA Rates
Current Personal Individual Retirement Account rates and annual percentage yields.
Annual Percentage Yield (APY) is accurate as of September 1, 2010.
|
Term of CD
|
Min. Bal. To Open &
Obtain APY
|
Interest Rate
|
APY
|
|
182 day
|
$1,000.00
|
0.75%
|
0.75%
|
|
12 month
|
$1,000.00
|
1.24%
|
1.25%
|
|
18 month
|
$1,000.00
|
1.59%
|
1.60%
|
|
24 month
|
$1,000.00
|
1.74%
|
1.75%
|
|
36 month
|
$1,000.00
|
2.03%
|
2.05%
|
|
48 month
|
$1,000.00
|
2.23%
|
2.25%
|
|
60 month
|
$1,000.00
|
2.48%
|
2.50%
|
APY = Annual Percentage Yield.
IRA = Individual Retirement Account.
-
Interest is earned on the daily collected balance in the account for each day.
-
Interest is compounded and credited on a quarterly basis for IRA maturities of 12-months or more.
-
Interest is credited and paid at maturity for IRAs with terms less than 12-months.
-
APYs assume interest remains on deposit until maturity and a withdrawal will reduce earnings.
-
All IRA accounts may be subject to an early withdrawal penalty.
