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Certificates of Deposit

What is a Certificate of Deposit?

A Certificate of Deposit (CD) is a certificate issued by a bank to a person depositing money for a specified length of time. It has a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment.

With an American State Bank Business Certificate of Deposit (CD), your company benefits from high interest rates, guaranteed returns on your investment, and no market risk. Certificates of Deposit are a safe and secure investment vehicle as well as an effective cash management tool for funds you can set aside for a specific period.

American State Bank’s CD Policy

  • $1,000 minimum to open.
  • Interest payment methods include: check, transfer or compounding.
  • Maturities to 5 years.
  • All certificates are automatically renewable unless otherwise indicated. Interest rates and annual percentage yields vary with terms and will be disclosed at time of purchase.
  • All accounts and certificates of deposit are subject to the bank's Deposit Account Agreement in effect. There may be additional charges and fees for services, as set forth in our Schedule of Service Charges and Fees.

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