Grow your wealth securely.
Old National Bank offers competitive CD rates designed to help customers grow their savings. We provide various CD types and terms, from short-term to long-term options, all backed by FDIC insurance. Learn about today's rates and how to open an Old National Bank CD.
Old National Bank provides a range of Certificate of Deposit (CD) accounts designed to offer secure and predictable growth for your savings. Our CD rates are structured to reward you for keeping your funds deposited for a set period, allowing your money to earn a fixed interest rate that often surpasses traditional savings accounts. This makes CDs an attractive option for those looking to save for specific future goals without the volatility of market investments.
When you choose an Old National Bank CD, you lock in a rate for the entire term, ensuring you know exactly what your earnings will be. This stability is a key advantage, especially in fluctuating economic environments. We offer various terms to match different financial planning horizons, from short-term needs to long-range wealth building. Understanding these options is the first step in maximizing your interest earnings.
The competitive nature of Old National Bank CD rates means you can expect a strong return on your principal. We regularly review our rates to ensure they remain attractive in the banking landscape. Whether you are saving for a down payment, retirement, or simply want to set aside funds, a Certificate of Deposit from Old National Bank can be a foundational component of your financial strategy.
Staying informed about current interest rates is essential for making sound financial decisions. Old National Bank updates its Certificate of Deposit rates regularly to reflect market conditions and ensure we offer value to our customers. You can typically find our most current rates published on our website or by contacting a local branch. These rates are crucial for calculating your potential earnings over the CD's term.
It's important to note that once you open an Old National Bank CD, your rate is fixed for the entire term. This protects you from potential rate decreases during your deposit period, providing certainty in your investment. For the most accurate and up-to-date figures on Old National Bank CD rates today, please visit our dedicated CD rates page or speak with a financial representative.
Old National Bank understands that different savers have different needs. That's why we offer a variety of Certificate of Deposit types, each designed with specific financial goals in mind. Selecting the right type of CD is as important as choosing the right term to maximize your returns and align with your liquidity requirements.
Key Insight: "Choosing the right CD type at Old National Bank allows you to tailor your savings strategy, whether you prioritize a higher rate for a large deposit or a promotional offer for a specific term."
Our primary offerings include traditional fixed-rate CDs, where your interest rate remains constant for the entire term. We also provide options for larger deposits through our Jumbo CDs, which often come with slightly more attractive rates due to the higher principal amount. Additionally, Old National Bank occasionally introduces special promotional CDs with unique terms or enhanced rates for a limited period. These special offers are designed to provide extra value and can be a great way to boost your savings growth. Understanding these distinctions helps you make an informed choice that best suits your financial plan and how long you intend to keep your funds invested.
The term length of your Certificate of Deposit significantly influences your interest earnings and when your funds become accessible. Old National Bank offers a range of CD terms, from short-term options that provide quicker access to your money to long-term CDs that typically offer higher interest rates in exchange for a longer commitment. Carefully consider your financial timeline and liquidity needs when selecting a term.
Remember that early withdrawal penalties may apply if you need to access your funds before the Old National Bank CD term matures. It's important to choose a term that aligns with your financial strategy to avoid these penalties and maximize your overall return.
Investing in a Certificate of Deposit with Old National Bank offers several compelling advantages for savers seeking security and predictable growth. One of the most significant benefits is the peace of mind that comes with FDIC insurance. Your deposits are insured by the Federal Deposit Insurance Corporation up to the maximum amount allowed by law, currently $250,000 per depositor, per insured bank, for each account ownership category. This protection means your principal and earned interest are safe, even in unforeseen circumstances. For more information on FDIC insurance, you can visit FDIC.gov.
Another key reason to choose an Old National Bank CD is the predictable returns. Unlike market-based investments, a CD provides a fixed interest rate for the entire term. This certainty allows you to calculate exactly how much interest you will earn, making financial planning much simpler. There are no surprises; your money grows steadily and reliably. This feature is particularly appealing to risk-averse investors or those saving for specific, non-negotiable future expenses.
Finally, Old National Bank offers flexible term lengths to suit various financial goals. Whether you need to set aside money for a few months or several years, there's a CD term that fits. This flexibility, combined with competitive rates and the security of FDIC insurance, makes an Old National Bank CD a smart choice for growing your savings responsibly. We are committed to helping our customers achieve their financial aspirations through reliable and secure banking products.
Opening a Certificate of Deposit with Old National Bank is a straightforward process designed for your convenience. We offer multiple avenues to begin earning competitive interest on your savings, ensuring you can choose the method that best suits your preferences.
To start, you will need some basic information ready, including your Social Security number, a valid ID (such as a driver's license or state ID), and details for funding your new CD, such as an Old National Bank checking or savings account number, or information for an external transfer. The minimum deposit requirement for CDs can vary by term and type, so it's advisable to check the specific requirements for the CD you are interested in.
You can open an Old National Bank CD in several ways:
Once opened, you'll receive confirmation of your new Old National Bank CD, and your funds will begin earning interest immediately. We aim to make the process as simple as possible so you can start growing your savings with confidence.
| CD Term | Standard CD Rate (APY) | Jumbo CD Rate (APY) (>$100k) | Minimum Deposit |
|---|---|---|---|
| 3 Months | 0.50% | 0.55% | $1,000 |
| 6 Months | 1.25% | 1.30% | $1,000 |
| 12 Months | 2.00% | 2.05% | $1,000 |
| 24 Months | 1.75% | 1.80% | $1,000 |
| 36 Months | 1.50% | 1.55% | $1,000 |
| 60 Months | 1.25% | 1.30% | $1,000 |
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