$10,000.00 minimum deposit to open and minimum balance to obtain APY.
The daily balance method calculates interest applying a daily rate to the principal in your account each day.
The APY assumes interest on deposit until maturity.
An early withdrawal penalty may be imposed on the amount withdrawn before maturity and may invade the principal. A withdrawal will reduce earnings.
Interest on C.D.'s is compounded daily and credited annually and at maturity.
No additional deposits allowed except as disclosed above.
For the most current interest rates and APYs call Mound City Bank at (608) 348-2685 or 1-888-622-6069.
Maximum weekly issue per account ownership is $6 million with no more than $4 million in a single term of 4 to 52 weeks and $750,000 for longer terms.
Certain aggregate bank maximums apply and may limit our acceptance of your deposit in any given week.
These amounts are updated from time to time.
Funds may be submitted only after a depositor enters into the CDARS Deposit Placement Agreement. The agreement contains important information and conditions regarding the placement of funds by Mound City Bank. Please read the agreement carefully before signing it.
CDARS and Certificate of Deposit Account Registry Service are registered trademarks of Promontory Interfinancial Network, LLC.
$50 million or more in FDIC Insurance. One Bank. One Rate. One Statement.
Click Here for more information on CDARS. Ask us about how CDARS can work for you the next time you visit one of our branches, or email firstname.lastname@example.org for more information.