American State Bank and Trust Company > Personal > Certificates of Deposit
Grow Your Savings
If you routinely keep a savings account balance of more than $1,000 or if you’re saving for a specific short-term goal, a Certificate of Deposit may be one way to earn more interest on your money.
Special CD Rates Now Available
American State Bank is ready to help your savings grow with this limited-time special CD offer.
- 18-month CD special
- 2.12% APY*
*Annual Percentage Yield as of 7/16/2018.
$1,000 minimum deposit to open. APY shown assumes that all principal and interest remain on deposit for the entire term. Fees may reduce earnings on the account. A penalty will be imposed for early withdrawal.
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 the minimum investment requirement. A CD restricts access to the funds until the maturity date of the investment.
American State Bank's Certificates of Deposit Policy
- $1,000 minimum to open
- Interest payment methods include: check, transfer or compounding
- Maturities from 3 months 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 and Disclosure in effect. There may be additional charges and fees for services, as set forth in our Schedule of Service Charges and Fees.
Call or visit a location near you to get started today.