Certificates of Deposit and IRAs

A high-yield certificate of deposit or individual retirement account from Sturgis Bank & Trust Company provides you with the security and peace of mind in an FDIC-insured investment.

»See our competitive rates and terms

Laddered CD Program

Sturgis Bank & Trust Company offers a unique CD product that gives customers the flexibility to earn a better rate and pick their own term. Learn more about our Laddered CD Program and how it may be right for you.

Certificate of Deposits

Our certificates of deposit are designed for people interested in saving and/or investing in a safe, stable environment for both short and longer term financial goals.

Contact a Customer Service Representative to discuss which one of our competitive rate standard term or "Best in the Market" special rate and term CD will be best for you.

Features

• Minimum deposit to open a certificate of deposit maturity terms 3, 6, 12, 24, 36, 48 and 60 month
• Special short term and long term may be available periodically
• Competitive, fixed interest rate
• Interest is compounded and paid quarterly to your CD account or easily transferred to another bank account such as a checking or savings on a monthly, quarterly or semi-annual basis
• Automatic renewal at maturity
• CD can be used as collateral for loans
• An early withdrawal penalty may apply, contact us for further details

Individual Retirement Accounts

If you are interested in saving towards retirement in a safe, secure environment an Individual Retirement Account from Sturgis Bank & Trust Company may be the perfect fit. Both Traditional or Roth IRA programs provide you with the advantage of possible tax benefits in your retirement planning efforts, so be sure to check with your tax advisor and see how it may be right for you.

Contact a Customer Service Representative to open your IRA today.

Features

• Minimum deposit required to open a Savings IRA CD account 
• Maturity terms same as those for CD’s 3, 6, 12, 24, 36, 48 and 60 month
• Special short term and long term may be available periodically
• Competitive, fixed interest rate
• Interest is compounded and paid to your IRA CD account
• Interest earned may be tax deferred (consult your tax advisor)
• Automatic renewal at maturity
• Contributions may be tax deductible, contact your tax advisor for further information
• An early withdrawal penalty may apply, contact us for further details