Certificates of Deposit

Higher Yields. Lower Risk

North Central Bank offers a wide array of CD’s tailored to meet your individual needs. Competitive interest rates paid to you vary, based on the term of your investment. These deposits are insured to the full legal limit by the Federal Deposit Insurance Corporation. Penalty for early withdrawal applies.

Deposit Rates Open an Account

CDARS®, THE CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY®

Using CDARS®, you can access multi-million dollar FDIC Insurance on your CD Deposits. You sign one agreement with North Central Bank and earn one interest rate per maturity and receive one regular statement.


Everything is handled directly though North Central Bank. Your larger deposit is broken into smaller amounts and placed with other banks that are members of CDARS Network. Then those banks issue CDs in amounts under the standard FDIC insurance maximum, so that your investment is eligible for FDIC protection. By working directly with just one bank- North Central Bank- you can receive insurance through many.


Watch "How CDARS Works" video and see what CDARS can do for you.


Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS and Certificate of Deposit Account Registry Service are registered service marks of a Promontory Interfinancial Network LLC.

Facts & Features

  • Available to young people under 18.
  • Can be opened with a minimum of $25.00.
  • Can be added to at any time in increments of at least $25.00.
  • Can be redeemed with NO penalty either at maturity, or when the child reaches age of 18.
  • CD is owned by the child and registered under the child's social security number, but must have an adult as a joint owner. Two signatures required for withdrawal.
  • Offer the CD in 12, 36, or 60 month terms
  • CD rate will be the same as the current rate sheet offerings.
  • Only one Sprout Saver CD per child.
  • Gift certificate/Deposit receipt issues with all deposits.
  • A GREAT alternative to Savings Bonds.