CDs and IRAs - Thumb Bank

Certificates of Deposit (CDs) & Individual Retirement Account (IRAs)

Certificates of Deposit (CDs)

Thumb Bank & Trust offers a variety of Certificates of Deposit with varying minimum deposits, terms, and interest rates. Certificates of Deposit are available to individuals and business firms at all Thumb Bank & Trust offices. You may select your own term - any time period from 7 days to 5 years.  To open a Certificate of Deposit, please contact a Personal Banker at any  local Thumb Bank & Trust office.

CD's allow customers to invest, while maximizing their interest rate, while agreeing to deposit their money for longer periods.

  • Minimum balance varies from $500 to $5000.
  • Wide variety of terms and competitive market rates.
  • FDIC insured.

Click to View Certificate of Deposit Account Rates

Rates are posted for your convenience. They are subject to change without notice. To verify rates, please contact the bank. Please see your local office for rate specials.

Term Annual Percentage Yield
1 Month CD 0.10% APY
100 Day CD* 0.10% APY
6 Month CD* 0.10% APY
No Penalty 7 Month CD** 1.50% APY
9 Month CD 0.15% APY
1 Year CD 0.20% APY
15 Month CD 0.25% APY
18 Month CD 0.25% APY
2 Year CD 0.30% APY
30 Month CD 0.40% APY
3 Year CD 0.50% APY
4 Year CD 0.70% APY
5 Year CD 1.26% APY

$500 Minimum Balance Required *$1,000 Minimum Balance Required. **$5,000 Minimum Balance Required.

A penalty for early withdrawal may be imposed on all CD's.

Annual Percentage Yields effective January 30, 2018 and subject to change thereafter.

Individual Retirement Account (IRAs)

IRAs allow customers to invest a certain dollar amount each year to save for retirement.

  • $50 Minimum Balance Required.
  • Set aside money for retirement with tax advantages.
  • Choose from traditional, Roth and Coverdell Educational IRAs. 
  • May earn tax-deferred or tax-free interest.

Click to View Individual Retirement Account Rates

Rates are posted for your convenience. They are subject to change without notice. To verify rates, please contact the bank. Please see your local office for rate specials.

Term Interest Rate
1 Year IRA 0.20% APY
9 Month IRA 0.15% APY
15 Month IRA 0.25% APY
18 Month IRA 0.25% APY
2 Year IRA 0.30% APY
30 Month IRA 0.40% APY
3 Year IRA 0.50% APY
4 Year IRA 0.70% APY
5 Year IRA 1.26% APY

Penalty for early withdrawal. Annual Percentage Yields effective January 30, 2018 and subject to change thereafter.

Other IRA Information

The following information applies to all of the IRA's that Thumb Bank & Trust offers:

  • The interest rate on any Thumb Bank & Trust IRA is set at the time it is purchased, and is guaranteed to its full maturity.
  • Earned interest is compounded quarterly.
  • Your IRA is automatically renewable upon maturity at the current market interest rate.
  • No fees are charged for the distribution of your IRA.
  • If a withdrawal of all or part of a certificate is made prior to its' maturity, substantial IRS and other penalties may apply. It is therefore recommended that you invest in IRA's with carefully selected maturities which will best meet your financial goals.

Traditional
IRA

This is an account which allows you to defer taxes on your earnings.

Roth
IRA

This account is a nondeductible IRA that offers tax-deferred earnings.

Educational
IRA (CESA)

A nondeductible account that features tax-free withdrawals.

Personal Bankers

Heather Drabek

Bad Axe

Patti Reinhardt

Pigeon

Nina Suchy

Bay City Wilder

Molly Rauschert

Bay City Center

Leah Sangster

Cass City

Deb Dressler

Cass City

Adrienne Sting

Caseville

Patrice Thede

Caseville