Laddered CD Program

Are you interested in maximizing your earning potential on your certificates of deposit?

Are you worried about having money available in case of an emergency?

Sturgis Bank & Trust Company offers a unique Laddered CD Program that provides individuals, businesses, organizations, and IRA's with:

• A higher Annual Percentage Yield (APY) return
• Cash withdrawal of interest and excess principal*
• Full administration by our Trust Department free of charge**

Laddered CD Program

Features

• $50,000 minimum deposit to open
• 3,4 or 5 year ladder
• 6 month or 1 year rungs/intervals on the ladder
• .25% APY increase on all certificates
• 10% withdrawal privilege on any maturing CD during the grace period as long as the balance of the CD's remain above the minimum
• Payable on Death (POD) designation permitted
• FDIC insured up to allowable limit
  

*Laddered CD Program participants are allowed to reinvest the earned interest into their CD or receive the earned interest as a cash withdrawal. A 10% principal reduction is allowed at time of maturing CD if the program balance remains above the $50,000 minimum.

**The Laddered CD Program is administrated by the Sturgis Bank & Trust Company Trust Department through a required custodial agreement without any applicable trust fees.

Subject to change without notice
Penalty for early withdrawal may apply

Contact Us to Learn More