Certificates of Deposit (CDs)

FDIC-insured CDs offer a fixed interest rate and and a choice of terms to fit your savings needs.footnote

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Perfect for

Those who prefer a fixed interest rate.

Benefits

  • A variety of terms to suit your short- and long-term savings needs
  • Balances in this account help you avoid monthly service charges for the MB Signature Checking account
  • Available as IRA accounts

Features

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Interest rates

Minimum $1,000 to open
Terms under three months, interest is paid at maturity.
Terms over three months, quarterly compounding; interest is paid quarterly.

Interest rates
  Balance under $100,000 Balance over $100,000
Term Interest rate APY* Interest rate APY*
7 day CD 0.050% 0.05% 0.050% 0.05%
14 day CD 0.050% 0.05% 0.050% 0.05%
1 month CD 0.050% 0.05% 0.050% 0.05%
3 months CD/IRA 0.050% 0.05% 0.050% 0.05%
6 months CD/IRA 0.100% 0.10% 0.100% 0.10%
9 months CD/IRA 0.150% 0.15% 0.150% 0.15%
12 months CD/IRA 0.150% 0.15% 0.150% 0.15%
18 months CD/IRA 0.200% 0.20% 0.200% 0.20%
24 months CD/IRA 0.300% 0.30% 0.300% 0.30%
30 months CD/IRA 0.350% 0.35% 0.350% 0.35%
36 months CD/IRA 0.399% 0.40% 0.399% 0.40%
48 months CD/IRA 0.599% 0.60% 0.599% 0.60%
60 months CD/IRA 0.847% 0.85% 0.847% 0.85%

* Annual Percentage Yields (APY) are current as of 02/03/2017

Interest for accounts with a term of less than 3 months will not compound and will credit at maturity. Interest for accounts with monthly interest distribution will not compound and will credit monthly. For all other accounts, interest is compounded and credited quarterly.

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1 Penalties apply for early withdrawal. Fees may reduce earnings. Please refer to the Personal Banking Customer Fee Schedule (PDF). Minimum $1,000 to open. Your deposits are insured by the FDIC up to the maximum limits allowed by law, which is at least $250,000. You’re also eligible for additional insurance if your accounts are held in different categories of ownership. Back to top