CDs & IRAs

Peoples National Bank of Kewanee offers a wide variety of term lengths for Certificate of Deposits and Individual Retirement Accounts. With the exception of a 91 Day IRA ($50.00 minimum deposit allowed if coming from a payroll deduction), all other term CDs and IRAs require a minimum deposit of $1,000.00. To inquire about our CDs and IRAs, please contact one of our Customer Service Representatives.

Certificates of Deposit (CD)

A CD is a type of deposit account that often pays a higher interest rate than a standard savings account in exchange for restricting access to your funds during the CD term.

Certificate of Deposit Features

Higher Interest Rates: CDs typically offer higher interest rates compared to standard savings accounts, allowing your money to grow faster.
Term Deposits: You agree to keep your funds deposited for a specified period (term) in exchange for the higher interest rate.
Security: CDs are a safe and secure investment as they are FDIC-insured up to the maximum allowed by law.
Fixed Rates: Your interest rate remains fixed for the duration of the term, providing predictability and stability in your earnings.

Secure your savings and watch them grow with a Certificate of Deposit at Peoples National Bank of Kewanee. Take advantage of our special rate CDs today to start your journey toward financial stability and growth.

How to Open a Certificate of Deposit

Opening a Certificate of Deposit is incredibly simple at PNB of Kewanee.

Choose Your Term: Decide how long you want to invest your money. We offer various terms to meet your unique needs. Check out our current CD rate specials for options.
Visit PNB Of Kewanee: Stop by one of our bank locations across north central Illinois to invest in a CD. You will need:
1. Photo ID
2. Personal information, including name, address, phone number, and email.
3. Social Security number and date of birth
4. Opening deposit funds
Deposit Funds: Transfer money from an existing account or fund your CD directly. The minimum deposit requirement is designed to accommodate varying investment comfort levels.
Earn Interest: There's nothing else you need to do until the end of your term!

Special CD Rates

Individual Retirement Account (IRA)

Any individual who has earned income may establish an IRA. The individual may also rollover proceeds from a qualified retirement plan to an IRA.

Traditional IRA
With a Traditional IRA, you may be eligible to take a tax deduction on your contributions in the year of your deposit, then your retirement withdrawals are later taxed as income.
Roth IRA
Roth IRAs work in the opposite way. The money that you contribute now will be taxed as income, but there's no tax on your Roth IRA retirement withdrawals.

There are many factors to consider when opening an IRA, such as contribution amounts, term limits, and your expected income tax rates. Please contact a PNB Customer Service Representative for more details and current CD and IRA rates.

Why choose PNB for your CD or IRA?

Variety of Term Lengths
Low Minimum Deposit

Our Customer Service Team

Rachel Slusser Customer Service Supervisor Peoples National Bank of Kewanee Rachel Slusser Customer Service Supervisor Peoples National Bank of Kewanee P: 309.853.3333 Email Me

Kristina Krafft Customer Service Representative Peoples National Bank of Kewanee Kristina Krafft Customer Service Representative Peoples National Bank of Kewanee P: 309.853.3333 Email Me

Ginny McHenry Customer Service Representative Peoples National Bank of Kewanee Ginny McHenry Customer Service Representative Peoples National Bank of Kewanee P: 309.853.3333 Email Me

Christy Cable Customer Service Representative and Safe Deposit Box / Title Clerk Peoples National Bank of Kewanee Christy Cable Customer Service Representative and Safe Deposit Box / Title Clerk Peoples National Bank of Kewanee P: 309.853.3333 Email Me

Note: Please do not send personal information (account numbers, credit card numbers, or social security numbers, etc.) via email. Thank you.