CDs

Building a nest egg. Planning for a comfortable retirement. Launching a second career. Whatever your goals, you'll want to include one or more certificates of deposit in your savings strategy.

Go short or long-term. Invest in a Heartland Bank, a division of German American Bank CD, and you'll have a wide range of terms to choose from – as little as one month to as long as five years. All with competitive interest rates and personalized customer service to help tailor your CD to your needs. Use our online CD calculators to evaluate different financial scenarios, then reach out to discuss the best approach for you.

Build a CD ladder. New to “laddering”? A ladder lets you spread your investment over CDs of different terms and maturity dates. (Remember, the longer the term, the higher the interest rate.) How do you build it? Let’s say you have $10,000 to invest. You could split that amount into two $5,000 CDs of different term lengths. Or make four $2,500 investments in CDs of varying lengths, like two in one month CDs and two with longer terms. When the short-term certificates mature, you reinvest the original amount (plus interest earned) in a longer term certificate. Then repeat that strategy each time a CD matures, moving up the ladder and multiplying yields as you go. 

Features & Benefits

• Competitive interest earned on account balance
• FDIC-insured up to $250,000 per account
• $1,000 minimum balance to open
• Early withdrawal penalties apply