Certificates of Deposit

Ready to invest? Certificates of Deposit (CDs) are a stable, uncomplicated way to build wealth that make investing easy, flexible and secure.

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Short-Term CDs

Get competitive rates with a short-term commitment.

  • Minimum deposit¹: $500
  • 3-Month CD
  • 6-Month CD
  • 7-Month CD Special³
  • 9- Month CD

Use our calculator to see how investing in a CD can grow your money.

As of 9/20/2024

ProductAPYInterest RateMinimum Balance
3-Month CD5.61%5.50%$500
6-Month CD0.20%0.20%$500
7-Month CD Special⁺5.15%5.25%$1,000
9-Month CD0.25%0.25%$500

*$500.00 Minimum deposit to open. Early withdrawal penalties may apply.

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Long-Term CDs

Invest your money longer and earn even more.

  • Minimum deposit¹: $500
  • 1-Year CD
  • 18-Month CD²
  • 2-Year CD
  • 30-Month CD
  • 3-Year CD
  • 4-Year CD
  • 5-Year CD

Use our calculator to see how investing in a CD can grow your money.

As of 9/20/2024

ProductAPYInterest RateMinimum Balance
1-Year CD0.25%0.25%$500
13-Month CD⁺5.00%4.91%$1,000
18-Month CD**0.30%0.30%$500
2-Year CD4.84%4.75%$500
25-Month CD⁺4.50%4.43%$1,000
30-Month CD0.45%0.45%$500
3-Year CD4.58%4.50%$500
4-Year CD4.58%4.50%$500
5-Year CD0.65%0.65%$500

*$500.00 Minimum deposit to open. Early withdrawal penalties may apply.

**Renewal Term is 18 months for the 18 Month CD.

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DirectSave CD

Make investing turnkey thanks to DirectSave CD. Set up automatic deposits from your Warsaw Federal checking account into a 6-month CD.

DirectSave CD automates savings with electronic monthly contributions to your account for an incredibly easy savings plan.

You get a competitive interest rate, a practical 6-month term, convenient monthly statements, and automatic renewal when the account matures. And it only takes a $25 balance to get started.

Use our calculator to see how investing in a CD can grow your money.

As of 9/20/2024

ProductAPYInterest RateMinimum Balance
DirectSave0.30%0.30%$25

*$250.00 Minimum deposit to open. Early withdrawal penalties may apply. At least one electronic deposit per month, $25.00 minimum, is required. 

*This account will mature 6 months from the date opened.

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Jump Rate CD

Take advantage of the opportunity to jump up to higher interest rate one time during the 27-month life of your CD. Start with a great rate. After 6 months, if the current interst rate is higher than what you’re earning, you can have your CD jump to that rate. Your CD will conveniently renew for 24 months at maturity.

Use our calculator to see how investing in a CD can grow your money.

As of 9/20/2024

APYInterest RateMinimum Deposit
0.55%0.55%$500

*Interest rates and Annual Percentage Yield (APY) are subject to change. Fees could reduce earnings. 

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Disclosures

¹$500 Minimum deposit to open. Early withdrawal penalties may apply
²Renewal Term is 18 months for the 18-Month CD
³Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank

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