Certificates of Deposit

Build your better future quicker with competitive certificate of deposit rates.1

Certificate of Deposit (CD) Rates1

  • Guaranteed interest for the term you select

  • Competitive Rates

  • FDIC Insured


Interest Rate


Minimum Balance to Obtain APY

91 Days 5.00% 5.09%3 $500.00
182 Days 4.75% 4.81%3 $500.00
9 Months 4.50% 4.52%3 $500.00
12 Months 4.50% 4.50%3 $500.00
18 Months 4.25% 4.27%3 $500.00
24 Months 4.25% 4.25%3 $500.00
36 Months 4.25% 4.25%3 $500.00
48 Months 4.25% 4.25%3 $500.00
60 Months 4.25% 4.25%3 $500.00

Contact Our Team

Janet Alland Headshot

Janet Alland

SVP, Retail Banking
NMLS# 721546
(651) 767-9802

Annmarie Becker

VP, Relationship Banker
NMLS# 860395
(651) 767-9842

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 have the effect of reducing earnings on your account. The Annual Percentage Yield (APY) is accurate as of 05/10/2024.
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 to 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.
Please contact us for further information.