How to Save and Earn with CDs

July 11, 2025

Are you looking for a way to invest some of your savings to earn more money?

Our Certificates of Deposit offer guaranteed returns on your money and they usually pay higher interest rates than regular savings accounts.

CDs differ from a regular savings account because they are timed deposits. With a CD, you can select from a variety of options and agree to leave your money in the CD for a fixed amount of time. During that period - which can range from a few months to a few years - your money will earn interest and keep growing until your CD reaches maturity.

At maturity, you’ll have the option to let your CD automatically renew for a new term, using the money to open a new CD for a different amount of time, or move the money to one of your other accounts.

It’s also good to know that your money is federally insured to the maximum allowable limits.

The amount you put into a CD should be money you likely won’t have to withdraw until the term ends. We want you to know that you can remove your money before the investment term ends, but also to be aware that there is an early withdrawal penalty.

CDs can be a sound way to save for future needs without putting your money in other risky investments that don’t offer this type of guaranteed return, which could actually lose value during difficult times.

Learn more about CDs with Iowa State Bank and our current rates here or talk to one of our Intelligent, Sophisticated Bankers about how your money is protected. Stop by any of our 5 convenient locations or call 515-288-0111 TODAY! We’re here to help you find a savings plan that works best for YOU.