Certificates of Deposit
Fund your future goals.
Whether you’re planning for the future, growing your business reserves, or maximizing your hard-earned money, our certificate of deposit accounts are a safe and rewarding way to reach your financial goals. Our certificate of deposit accounts include:
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Special Offer
13-Month CD
4.26% APY2
Don’t miss out on our best rate offer. Provide your information, and our team will contact you to get started. Or contact us at (651) 224-5000.
Interest Rates1
| Type | Interest Rate | APY 2 | Minimum Balance to Obtain APY |
|---|---|---|---|
| 91 Days | 4.15% | 4.22%3 | $500.00 |
| 182 Days | 4.00% | 4.04%3 | $500.00 |
| 9 Months | 3.85% | 3.87%3 | $500.00 |
| 12 Months | 3.85% | 3.85%3 | $500.00 |
| 18 Months | 3.85% | 3.86%3 | $500.00 |
| 24 Months | 3.85% | 3.85%3 | $500.00 |
| 36 Months | 3.90% | 3.90%3 | $500.00 |
| 48 Months | 3.95% | 3.95%3 | $500.00 |
| 60 Months | 3.95% | 3.95%3 | $500.00 |
Our Expertise
Additional account qualifications and requirements may apply.
1 CD accounts require a $500 opening balance.
2 Annual Percentage Yield (APY) listed is an estimate. Actual APY will be based on specific account terms and will be disclosed at account opening. Interest rates and APY may change at our discretion at any time. If you close your account before interest is credited, you will receive the accrued interest. Fees could reduce earnings on your account. The Annual Percentage Yield (APY) is accurate as of 03/03/2025.
3 A withdrawal of interest prior to maturity will reduce earnings. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted except for the IRA CD, which allows additional deposits of a minimum of $50.00. Penalty for early withdrawal may apply. Please refer to your CD for additional terms and conditions that may apply.
Interest rates are determined at the sole discretion of Drake Bank and are subject to change. Details on account terms and conditions are available upon request. Contact us for further information.