Certificate of Deposit

  • Minimum Opening Deposit: $500

  • 10-Day Redemption Grace Period after Maturity: All CDs at SBSU have a grace period of 10 calendar days after maturity during which the owner may redeem it without incurring a withdrawal penalty.

  • Automatic Rollover: CDs that are not redeemed automatically roll to a CD of the same term after the grace period. The interest rate adjusts to the current rate at the time.

  • Direct Transfer of Interest: Transfer your interest payments to an SBSU checking or savings account. This feature is available on all CDs at no charge. Interest transfers match the CD's compounding schedule.

  • Early Withdrawal Penalty: A penalty may apply with an early withdrawal from a CD (see table below). Penalty may affect principal in some cases.

  • FDIC Insurance: Depositors at SBSU are insured by the FDIC up to $250K per depositor per ownership category. Talk to our New Account Representatives about ways to multiply FDIC insurance well above $250K.

  • Interest Accrual: Interest accrues daily but compounds according to the schedule associated with each CD (see table below). "Compounding" means that accrued interest is added to principal. If you close the account before the interest compounds, SBSU pays the accrued interest less any applicable withdrawal penalty.

  • Jumbo CD Rates: Special rates may be available on deposits $100K or above on certain CD terms. Contact New Accounts at any SBSU office for more information.

  • Add on Feature: You may add money at any time to regular and Jumbo CDs with a 12-month term (sports CDs excluded).

  • T-Bird or Trailblazer or Badger CD: Local college football fans appreciate our annual sports CD special. You pick the team. The interest rate increases 5 basis points with each win. There is a bonus for a conference championship or NCAA invitation, with an additional bonus for a win at that post-season invitational bowl game. See the rules and team schedules.
Certificate TermEarly Withdrawal Penalty DaysInterest Compounding
1 Month30Monthly
3 Month30Quarterly
6 Month30Semi-Annually
12 M Sports30Quarterly
12 Month30Quarterly
18 Month90Quarterly
24 Month90Quarterly
36 Month180Quarterly
48 Month180Quarterly
60 Month180Quarterly

View CD Rates