Certificate of Deposit Information
Ottawa Savings Bank offers standard certificate of deposit terms from six-months to five years. We also offer step-rate and penalty free certificates. Please call for the specific terms for each account.
The Annual Percentage Yield (APY) for CD's as :
| Term | Minimum Balance | Interest Rate | APY |
| 6 month | $2,500.00 | 0.30% | 0.30% |
| 9 month | $1,000.00 | 0.40% | 0.40% |
| 12 month | $1,000.00 | 0.50% | 0.50% |
| 18 month | $1,000.00 | 0.70% | 0.70% |
| 24 month | $1,000.00 | 0.85% | 0.85% |
| 30 month | $1.000.00 | 0.95% | 0.95% |
| 36 month | $1,000.00 | 1.00% | 1.00% |
| 48 month | $1,000.00 | 1.29% | 1.30% |
| 60 month | $1,000.00 | 1.69% | 1.70% |
An early withdrawal penalty may apply to certificate accounts.
*Rates may change after the account is opened. Rates are accurate as of the above date and are subject to change at any time.
Penalty-Free CD
- 0.45% APY*
- 12 month *$10,000.00 minimum to open and earn this yield.
- Withdraw your money when you need it — No Penalty
- The yield is fixed for the term so you are protected from falling rates.
**See Account Disclosure for details.
Escalator CD
With an Ottawa Savings Bank Escalator CD you're earning a competitive return that goes up every six months...guaranteed!
At the end of each 6 month period you can withdraw your total balance...no penalties, no questions.
Or you can make an additional deposit once, at the end of the first 6 month period up to the amount of your original deposit.
18 month term is 0.80% APY*
24 month term is 1.05% APY*
· $5,000 minimum to open and earn this yield
· *Annual Percentage Yield (APY) accurate as of .
· Rate subject to change. Penalty for early withdrawl other than at the end of the 6-month periods.
