CD Accounts

Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. The APY will be less if interest is paid out or credited to another account. Rate applies to deposits from $1,000 to $1,000,000. Minimum average daily balance of $1,000 required to obtain the promotional APY. APR for 13 month term is 5.00%. APR for 18 month term is 4.75%. Account withdrawals not allowed. Any withdrawal triggers account closure and penalties from 3-6 mos. interest depending on term, which will reduce earnings and principal. Account automatically renews at maturity at the interest being paid on the renewal date; no grace period. APY applies only to new 13 or 18 month term CDS opened with at least 50% of the funds not previously on deposit at Grand Bank within the past 60 days. Grand Bank reserves the right to review the requirement of 50% new money after account opening, which could result in an interest rate adjustment to a given market rate at that time. Rates are effective 7.27.23 and subject to change without notice. This promotional rate is only transferrable at the sole discretion of Grand Bank for Savings, FSB. 

Important Information About Procedures For Opening A New Account.

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account and each beneficial owner of an account.

What this means for you: When you open a personal account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. When you open a business account, we will ask for certain business documents and identifying information of each business owner.