Readlyn Savings Bank has an ongoing CD special which offers attractive interest rate for their short term and long term certificate of deposit. The bank has the following current CD rates:

• 7 months             1.20% APY
• 17 months           1.50% APY
• 27 months           1.70% APY
• 37 months           1.85% APY
• 57 months           2.65% APY

This money in the bank deal requires you to deposit a minimum of $5,000 to open an account. If you decide to withdraw funds before the maturity date, expect that penalties will be applied on your account. The earnings of this top CD rate is compounded semi-annually. Once the certificate of deposit account matures, you are given a few days to decide if you want to withdraw your money since the bank will automatically renew it. Please remember that the current interest rates are subject to change without prior notice.

Individuals who want to take advantage of this best CD rate may visit the bank’s office which is located in Readlyn, Iowa and open an account. You are also required to bring copies of your government issued identification since the bank will be requesting for it. You can also call customer service for questions with regard to account specifics or current interest rates thru 319-279-3321.

Readlyn Savings Bank has been providing its services since 1904. Currently, they have reached over $54 million in declared assets and is considered as one of the largest bank in the state of Iowa. The bank is also insured by the Federal Deposit Insurance Corporation with certificate number 9300.