Certificates of Deposit and IntraFi Network Deposits
Certificates of Deposit
Certificates of Deposit (CD) are low-risk savings options that enable you to capture higher rates of interest the longer you invest.
This is a great way to save, though it comes with a couple caveats:
- Early withdrawal penalties may apply.
- Interest can be withdrawn without a penalty during the term of the CD.
| Features | Fixed CD |
|---|---|
| Interest | Fixed for CD term, tiered rate |
| Minimum deposit to open | $1,000 (1- and 2-month CDs have minimum deposit of $10,000) |
| Additional deposits allowed | No |
| Terms available | Review rate sheet for details |
IntraFi® Network DepositsSM
When you deposit a large amount at MidWestOne Bank, you have the option of enrolling in IntraFi® Network DepositsSM. When you do, we place your funds into CDs issued by IntraFi® Network DepositsSM network members. This gives us the ability to provide you with FDIC deposit insurance on your entire relationship, no matter the balance.
Learn more about IntraFi® Network DepositsSM
For more information or to enroll in IntraFi® Network DepositsSM, please contact us.