FDIC-Insured – Backed by the full faith and credit of the U.S. Government

Login

Login

Certificates of Deposit

At Grand Timber Bank, we understand that your personal financial journey is unique.
contact us

Certificate of Deposit (CD)

Grow Your Savings with Confidence

Looking for a safe, reliable way to earn more on your savings? Our Certificates of Deposit (CDs) offer competitive interest rates and a variety of term options to help you meet your financial goals—whether you’re planning for the short term or the long haul.

Why Choose a CD?

  • Guaranteed Returns:
    Enjoy fixed interest rates that won’t change over the term of your CD.
  • FDIC Insured:
    Your funds are protected up to the maximum allowed by law.
  • Flexible Terms:
    Choose from a range of terms—from 3 months to 5 years.
  • Higher Rates:
    Typically earn more than a traditional savings account.

How It Works

When you open a CD, you agree to keep your money deposited for a specific period of time. In return, we’ll pay you interest—guaranteed. Once the term ends (known as the maturity date), you can withdraw your funds or roll them into a new CD.

Our CD Options

Annual Percentage Yield effective 6/10/2025. The minimum balance required to open and obtain the APY is $500.00. Subject to change without notice. Penalty for early withdrawal. Fees may reduced earnings.
TERM
91 Day **
182 Day **
12 Month **
18 Month **
24 Month **
30 Month**
36 Month **
$2500 minimum
APY*
1.36%
4.06%
$2500 minimum
Rate
1.35%
4.00%
$500 minimium
APY*
1.92%
2.07%
2.22%
2.37%
2.52%
$500 minimium
Rate
1.90%
2.05%
2.20%
2.35%
2.50%
$25,000 minimum
APY*
2.07%
2.22%
2.37%
2.52%
2.68%
$25,000 minimum
Rate
2.05%
2.20%
2.35%
2.50%
2.65%
$75,000 minimum
APY*
2.22%
2.37%
2.52%
2.68%
2.84%
$75,000 minimum
Rate
2.20%
2.35%
2.50%
2.65%
2.80%
** Interest is compounded quarterly. Substantial penalty for early withdrawal. Rates current as of 11/19/25 and are subject to change.

Early Withdrawal Policy

We understand that life happens. If you need to access your funds before your CD matures, an early withdrawal penalty may apply. Please review our full terms and disclosures for details.

Ready to Get Started?

Opening a CD is easy. Speak with a customer service representative to get started.

Ready to Get Started?

Stop by our McGregor location or contact us today to learn more about our personal account options and find the perfect fit for your financial needs. Our friendly team is here to help!

Contact Daniel Dinneed, or Sarah Anderson, our main customer service representatives, to get started today.

Daniel Dineen

Customer Service Representative

Sarah Anderson

Customer Service Representative

Contact Us

Phone: (218) 768-2410
Fax: (218) 768-2508
Email: info@grandtimberbank.com

Location

McGregor, MN 55760

Lobby Hours

Mon:8:30 AM–4:30 PM
Tue:8:30 AM–4:30 PM
Wed:8:30 AM–4:30 PM
Thu:8:30 AM–4:30 PM
Fri:8:30 AM–4:30 PM
Sat:Closed
Sun:Closed

Privacy Policy

Download

eStatement Disclosure

Download

Drive Up Hours

Mon:8:00 AM–4:30 PM
Tue:8:00 AM–4:30 PM
Wed:8:00 AM–4:30 PM
Thu:8:00 AM–4:30 PM
Fri:8:00 AM–4:30 PM
Sat:8:00 AM–12:00 PM
Sun:Closed

ATM Hours

24 Hours a day, 7 Days a week

Drive Through ATM:
204 N Maddy St.
McGregor, MN 55760

The Market Grocery Store ATM (Available During Market Hours):
41561 MN-65
McGregor, MN 55760

ATM Locator

MoneyPass ATM Locator

Holiday Schedule – CLOSED

New Year’s Day
Martin Luther King, Jr. Day
President’s Day
Memorial Day
Juneteenth Day
Independence Day
Labor Day
Columbus Day
Veteran's Day
Thanksgiving Day
Christmas Eve Day - Open Until Noon
Christmas Day