PSB Locations:
Lincoln Park2630 W. Superior St.
Duluth, MN 55806
Phone: (218) 722-3500
Loan Dept: 740-LOAN (5626)
Warehouse District
430 1st Ave. No., Suite 104
Minneapolis, MN 55401
Phone: (612) 238-0430
Morgan Park
1106 88th Ave. West
Duluth, MN 55808
Phone: (218) 626-2755
Canal Park Quick Bank
(in Dewitt-Seitz Marketplace)
394 South Lake Ave.
Duluth, MN 55802
Certificate of Deposit Rates
Updated
| PRODUCT NAME |
OPENING DEPOSIT |
DAILY BALANCE |
INTEREST RATE |
APY* % |
| 3-Month | $2,500 | $2,500-$24,999 | 1.74 | 1.75 |
| $25,000 + | 1.99 | 2.00 | ||
| 6-Month | $1,000 | $1,000-$2,499 | 1.50 | 1.51 |
| $2,500-$24,999 | 2.23 | 2.25 | ||
| $25,000 + | 2.38 | 2.40 | ||
| 12-Month | $1,000 | $0-$2,499 | 1.50 | 1.51 |
| $2,500-$24,999 | 2.23 | 2.25 | ||
| $25,000 + | 2.48 | 2.50 | ||
| 24-Month | $1,000 | $1,000-$2,499 | 1.50 | 1.51 |
| $2,500-$24,999 | 2.82 | 2.85 | ||
| $25,000 + | 3.06 | 3.10 | ||
| 36-Month | $1,000 | $1,000-$2,499 | 1.50 | 1.51 |
| $2,500-$24,999 | 2.77 | 2.80 | ||
| $25,000 + | 3.02 | 3.05 | ||
| 48-Month | $1,000 | $1,000-$2,499 | 1.50 | 1.51 |
| $2,500-$24,999 | 2.97 | 3.00 | ||
| $25,000 + | 3.26 | 3.30 | ||
| 60-Month | $1,000 | $1,000-$2,499 | 1.50 | 1.51 |
| $2,500-$24,999 | 3.21 | 3.25 | ||
| $25,000 + | 3.46 | 3.50 | ||
| Fixed IRA 18 Month | $1,000 |
|
3.06 | 3.10 |
| IRA Preferred Savings 18 Month Variable | $100 |
With Park State Bank Relationship |
3.21 | 3.25 |
For a direct quote contact a branch manager.
*Annual Percentage Yield
Penalty for early withdrawal
Wondering how to get a better rate?
Park State Bank now offers a special feature to our longer term certificate owners called the BUMP UP YIELD (BUY). If your CD has a term of 24 months or more, we provide the opportunity to re-price your CD after the first year for the remaining months of your CD term.
That's right, if rates increase after you purchase your certificate, you have the freedom to change your rate equal to the new posted Annual Percentage Yield (APY) any time after the first year, One BUY per term of the certificate. If you choose to exercise your BUY, please contact a PSB Certificate Specialist at either our Minneapolis of Duluth Offices.
In addition, if you maintain a qualifying PSB relationship, you will receive a yield on your Certificate 25 basis points higher than the posted yield. So, as you review our CD rates, consider a quarter percent higher if you do your regular banking with us in a qualified account.
Contact one of our Certificate Specialist today to see how we can help increase your yields.