CDs
That money you've earned? Put it back to work.
In North Dakota and Minnesota, some businesses are booming. Others are still traveling that long road to success. One thing everyone has in common - the pursuit of new revenue sources. That's where KodaBank comes in. Our various CDs generate investment-quality returns that can jump-start your next big project or simply give your bottom line a nice boost.
- Invest for anywhere from three months to five years
- Earn higher interest than you would on a traditional business savings account
- Minimum deposit of $1,000
- Tiered rate structure means that bigger balances can earn even higher returns
| Amount of CD | 3 Month Rate | 6 Month Rate | 12 Month Rate | 24 Month Rate | 36 Month Rate | 48 Month Rate | 60 Month Rate |
|---|---|---|---|---|---|---|---|
| $1,000-$24,999* | 0.20% | 0.40% | 0.60% | 0.70% | 0.80% | 0.90% | 1.00% |
| $25,000-$99,999* | 0.30% | 0.50% | 0.70% | 0.80% | 0.90% | 1.00% | 1.10% |
| $100,000 and over* | 0.40% | 0.60% | 0.80% | 0.90% | 1.00% | 1.10% | 1.20% |
Rates Effective May 21, 2020
*A penalty may be imposed for early withdrawal
