Certificate of Deposit (CDs)

Certificate of Deposit (CD)

Invest in your financial future with our Certificate of Deposit (CDs) and diversify your savings portfolio. CDs are a secure and reliable way to grow your savings over time. With competitive interest rates and various term options, you can choose the CD that best fits your investment goals. Whether you are saving for a short-term goal or planning for the long term, our CDs offer peace of mind and steady returns. Lock in your rate today and watch your money grow with confidence. 


Unlike other deposit
accounts, CDs have a fixed
interest rate, meaning they
remain constant through
the term of the investment. 


CDs offer a predictable
return on your investment,
making them a popular
choice for those seeking
stability and security. 


We offer CDs with
an array of monthly
terms tailored to
help you meet your
financial objectives.


The CDs we offer are
FDIC-insured and backed
by the United States
government up to the
maximum allowable limits.

Current Rates*

Interest Rate
Minimum Balance
11-month (special)
$1,000 renew at 12 month
Heritage CD*
*The interest rate is variable and may be changed at our discretion.
**APY = Annual Percentage Yield. Fees could reduce earnings. Withdrawal limitations apply.

Certificate of Deposit

A Certificate of Deposit, commonly referred to as a CD, is a financial product offered by Iowa Falls State Bank that allows you to invest a certain amount of money for a fixed period of time at a fixed interest rate. CDs are considered low-risk investments, making them an attractive option for individuals to save money while earning a guaranteed return. 

Depending on the CD, you will receive interest payments periodically or interest will be compounded until maturity. 

When you open a CD, you agree to deposit a specific amount of money with with Iowa Falls State Bank for a predetermined period, known as the term or maturity period. This term can range from a few months to several years, depending on the CD you choose. During this time, your funds are locked in, and you cannot withdraw them without incurring a penalty, although there are exceptions. 

Identification Required

You will need one of each primary and secondary forms of identification to open a checking account at our financial institutions. 

●   Unexpired Driver’s License bearing the individual’s photograph
●   Unexpired Passport bearing the individual’s photograph
●   Unexpired State Photo Identification Card
●   Current Military Identification Card
●   Alien Registration Card
●   Certified copy of birth certificate for persons 16 or younger unable to present other acceptable documents and a student ID card

●   Social Security Card
●   Medicare, Medicaid or other insurance card
●   Voter Registration Card
●   Property Tax Bill
●   Major Credit Card
●   Matricula Consular Card (Mexican National ID Card)

Why Invest in a CD?

Offering guaranteed returns, and competitive fixed interest rates, that are usually higher than a savings account or money market, CDs provide a stable way to grow your savings over time. CDs are considered low-risk investments, making them an ideal choice for conservative investors or those looking to diversify their portfolio. Whether you are saving for a major purchase, building an emergency fund, or panning for retirement, CDs can play a valuable role in achieving your financial goals. 

Still not sure if a Certificate of Deposit is for you?

Stop in, give us a call at (641) 648 – 5171, or click here to fill out the form and we will reach out to you to help you decide what the best option is to help you reach your financial goals!

The Patriot Act

Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.  In addition, we may also ask to see your unexpired driver’s license or other identifying documents.
Account Opening for a Legal Entity
We are required to ask you for identifying information (name, address, date of birth, social security number, as well as identification documents) for:
     ➣  Each individual that has beneficial ownership (25% or more) 
     ➣  One individual who has significant managerial control of the Legal Entity
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.