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 | 1.39% | 1.40% |
| 9 month | $1,000.00 | 1.74% | 1.75% |
| 12 month | $1,000.00 | 1.79% | 1.80% |
| 18 month | $1,000.00 | 1.89% | 1.90% |
| 24 month | $1,000.00 | 1.99% | 2.00% |
| 30 month | $1.000.00 | 2.04% | 2.05% |
| 36 month | $1,000.00 | 2.24% | 2.25% |
| 48 month | $1,000.00 | 2.39% | 2.40% |
| 60 month | $1,000.00 | 2.98% | 3.00% |
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.
