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CDs and IRAs

Focus Your Savings

You may need more than a traditional savings account can provide. Whether you’re seeking to earn a better interest rate or to save more aggressively for retirement, Banterra has what you need. We offer certificates of deposit and individual retirement accounts to allow you to create a focused saving strategy. Get started by applying online.

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Certificates Of Deposit

Banterra’s certificates of deposit (CDs) allow you to earn a higher interest rate than other savings accounts by locking in your rate for the entire term of the certificate. Terms range in length from 30 days to four years and funds cannot be withdrawn early from the account without penalty. Each of these CDs are available for personal or business customers.

Term LengthMinimum DepositInterestAbility To Make Additional DepositsAdditional BenefitsEarly Withdrawal Penalty
30 days up to and including 90 days$1,000Interest credited or transferred at maturityNot availableN/A30-day interest penalty
Greater than 90 days but less than 1 year$1,000Interest credited or transferred at maturityNot availableN/AThree (3) month’s interest penalty
1 year to less than 24 months$1,000Interest credited or compounded quarterly, semi-annually; interest transferred monthly, quarterly, semi-quarterly or annually

              

Not availableN/ASix (6) month’s interest penalty
24 months to less than 48 months$1,000Interest credited or compounded quarterly, semi-annually; interest transferred monthly, quarterly, semi-quarterly or annuallyNot availableN/ANine (9) month’s interest penalty
48 months or longer$1,000Interest credited or compounded quarterly, semi-annually; interest transferred monthly, quarterly, semi-quarterly or annuallyNot availableN/A12 month’s interest penalty
Flex 7-11 months$5,000Interest credited and compounded monthly; interest transferred at maturityCan make additional minimum deposits of $500 up to 30 days prior to maturityN/AOne (1) month’s interest penalty
15-month Freedom CD$25,000Interest credited or compounded quarterly, semi-annually; interest transferred monthly, quarterly, semi-quarterly or annuallyCan make additional minimum deposits of $1,000 up to 30 days prior to maturityCan make one penalty-free withdrawal during term (balance cannot fall below $10,000)Three (3) month's interest penalty (if non-qualifying for the penalty free withdrawal)
48-month bump-up CD$10,000Interest credited or compounded quarterly, semi-annually; interest transferred monthly, quarterly, semi-quarterly or annuallyNot availableOne (1)  time during the term of the CD, you can request that the interest rate be "bumped up" to whatever the current stated rate for that product isSix (6) month’s interest penalty

Retirement Accounts

Saving for your retirement is something you need to prepare for now, no matter where you’re at in your career. Banterra offers three different individual retirement account (IRA) options. Each of these accounts have different impacts on your taxes, so we recommend you consult with your tax advisor to determine which account is the right choice for you. Click the button below to learn more about the IRAs we offer.

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