Certificates of Deposit (CDs) Learn More
| CD Term | Rate | APY | Minimum Balance |
|---|---|---|---|
| 6 Month Certificate2 | 4.45% | 4.50% | $10,000 |
| 9 Month Certificate2,3 | 4.91% | 5.00% | $10,000 |
| 15 Month Certificate2 | 4.33% | 4.40% | $10,000 |
Interest rates on all interest-bearing accounts are determined by the bank and may be adjusted at the bank's discretion. Annual percentage yield (APY) assumes principal and interest remain on deposit for the term of the certificate. A penalty may be assessed for early withdrawal. Fees could reduce the earnings on the account. Minimum deposit and method of compounding may vary on the certificates. Maximum deposit of $250,000. Certificates automatically renew upon maturity. Some CD’s may not be eligible for brokerage deposits, institutional investors or public funds. Rates effective August 15, 2023.
1Not available online, contact branch to open.
2Excludes individual Retirement Account (IRA) Funds.
3 50% or more of CD funds must be new to CIB to receive rate. Alternative rate for existing CIB funds will be 4.42% rate with 4.50% APY
Auto Loans
| Loan Type | Interest Rate with Auto Debit from CIB Checking Account | APR* | Term Length |
|---|---|---|---|
| NEW CAR 2021-2023 | FIXED 7.00% | 7.22% | UP TO 60 MONTHS |
| USED CAR 2017 - 2020 | FIXED 7.50% | 7.72% | UP TO 60 MONTHS |
| USED CAR 2016 & OLDER | FIXED 8.00% | 8.22% | UP TO 60 MONTHS |
*Annual Percentage Rate=APR. APR listed assumes $10,000 loan at maximum term. Loan Doc Fee of $50. Actual APR will depend on loan amount and term length. Rates are determined by the bank and may be adjusted at the bank's discretion.
Repayment examples:
New Car 2021-2023: $10,000 borrowed, $200.23 per month for 60 months, APR= 7.22%
Used Car 2017-2020: $10,000 borrowed, $202.62 per month for 60 months, APR=7.72%
Used Car 2016 & Older: $10,000 borrowed, $205.03 per month for 60 months, APR= 8.22%
