Companion Savings Account

SOME THINGS ARE JUST BETTER TOGETHER!

EARN A COMPETITIVE FIXED RATE ON A NEW CD AND A HIGH APY

ON A COMPANION SAVINGS ACCOUNT, TOO.

Key Features

  • Earns High Interest
  • No Time Commitment
  • Unlimited In-Person Withdrawals
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Saving money and making money go hand in hand at Kerndt Brothers Savings Bank. 

Open a Certificate of Deposit (CD) for $1,000 or more and a term of six months or longer and qualify for a high-yield Companion Savings Account of equal or lesser deposit value.

PLUS, for a limited time, earn the "0.25%* APY in 2025" Bump on a 33 month CD when you also fund a new Companion Savings Account! Here's how it works: Open a new 33 month CD and a new Companion Savings Account of equal or lesser value in the same day, earn an extra *0.25 APY on your already competitive CD rate! 

(What does this mean for you? You could boost the *4.00 APY on your new 33 month CD to *4.25 APY AND simultaneously earn ‡4.00 APY on money in your new Companion Savings Account when you fund both on the same day. APYs current as of 1/29/25. Rates subject to change.)

That's a win-win!

Certificate of Deposit:

  • Earn a competitive fixed rate with guaranteed returns. 
  • Minimum term to qualify for Companion Savings Account is 6 months or longer.
  • Call or visit your local branch for current CD rates. 

Companion Savings Account: 

  • High-yield ‡ 4.00% APY, current as of 1/29/2025; rate may vary.
  • Deposit value must be equal to or lesser than the CD deposit amount.
  • No deposits allowed after the original open date. 
  • Personal accounts only. 
  • No time commitment. 
  • Unlimited in-person withdrawals.
  • Avoid the $3 monthly maintenance fee with an average daily balance of $50 or more per statement cycle.
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*(APY) Annual Percentage Yield effective as of 1/29/25. $1,000 minimum deposit is required to open a new CD. Interest is calculated using the daily balance method. Interest is compounded and credited quarterly. Early withdrawal penalties may apply.

‡ APY=Annual Percentage Yield. Rate may vary. Interest Rate of 3.93% resulting in APY of 4.00% is accurate as of 1/29/2025. Companion Deposit Account must be opened or funded the same day as the associated time deposit (CD). Interest will be compounded monthly, credited monthly. Minimum balance of .01 to obtain the disclosed APY. Fees may reduce earnings. Unlimited in-person withdrawals. Personal accounts only. Member FDIC. 

Building Iowa

since 1856