Once the deposit account opening form is received, it will be forwarded to our Personal Bankers and one of them will call you in 1 to 3 business days to complete the account opening process.
Vote for us as Metro’s Best Bank in Des Moines! Visit VoteLSB.com to vote daily, now through July 24. There’s even a chance to win $250. Visit VoteLSB.com for full details and to vote today. Thank you for your support!
Certificate of Deposit
NOTICE: Due to a high volume of new account requests, it is strongly encouraged you call ahead for an appointment and allow us to prepare documents in advance. Please note our offices are minimally staffed on Saturdays so you may experience a wait. We make every effort to accommodate walk-ins, but scheduling an appointment over the phone ensures you will receive the best, quickest service possible. We look forward to serving you!
17 Month CD Special
Effective Date: July 18, 2025
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 17 Month | $2,000 to $99,999.99 $100,000 and above | 4.10% 4.25% | 4.14% 4.30% |
Invest in a CD for 3 months, 8 years, or anywhere in between
Turn your savings into a guaranteed return at the term of your choosing. The interest you earn on a CD can be compounded back into the CD, be credited to another internal account, or sent to another financial institution via ACH.
Kid's CD & 2 Add-Ons
Effective Date: July 18, 2025
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 12 Month & 2 Add-Ons | $500 and above To qualify the individual must be 18 years of age or younger. Two additional deposits may be made during the 12 month term; minimum deposit of $100 required for each deposit. | 3.95% | 3.99% |
Certificate of Deposit Rates
Effective Date: July 18, 2025
| Term | Deposit Amount | Interest Rate | APY* |
|---|---|---|---|
| 3 Month | $2,000 to $99,999.99 $100,000 and above | 3.50% 3.65% | 3.55% 3.70% |
| 6 Month | $2,000 to $99,999.99 $100,000 and above | 3.85% 4.00% | 3.89% 4.04% |
| 12 Month | $2,000 to $99,999.99 $100,000 and above | 3.95% 4.10% | 3.99% 4.14% |
| 12 Month KIDS CD & 2 Add-Ons | $500 and above To qualify the individual must be 18 years of age or younger. Two additional deposits may be made during the 12 month term; minimum deposit of $100 required for each deposit. | 3.95% | 3.99% |
| 18 Month | $2,000 to $99,999.99 $100,000 and above | 4.00% 4.15% | 4.04% 4.19% |
| 24 Month | $2,000 to $99,999.99 $100,000 and above | 4.00% 4.15% | 4.04% 4.19% |
| 30 Month | $2,000 to $99,999.99 $100,000 and above | 4.00% 4.15% | 4.04% 4.19% |
| 36 Month | $2,000 to $99,999.99 $100,000 and above | 4.00% 4.15% | 4.04% 4.19% |
| 42 Month Step-Up | $2,000 to $99,999.99 $100,000 and above | 3.85% 4.00% | 3.89% 4.04% |
| 48 Month | $2,000 to $99,999.99 $100,000 and above | 3.85% 4.00% | 3.89% 4.04% |
| 5 Year | $2,000 to $99,999.99 $100,000 and above | 3.85% 4.00% | 3.89% 4.04% |
| 6 Year | $2,000 to $99,999.99 $100,000 and above | 3.65% 3.80% | 3.68% 3.84% |
| 7 Year | $2,000 to $99,999.99 $100,000 and above | 3.65% 3.80% | 3.68% 3.84% |
| 8 Year | $2,000 to $99,999.99 $100,000 and above | 3.65% 3.80% | 3.68% 3.84% |
*APY (Annual Percentage Yield). Rates and terms may change without notice. Early withdrawal penalties may apply. Fees may reduce earnings.
Ready to get started?
Open an Account Today
Fill out a simple form and we will be happy to assist you.
Certificate of Deposit Calculator
All certificates are compounded semi-annually, except 3-month and 11-month certificates.
Calculator is provided as-is solely to estimate potential rates, fees, and costs. Calculator is made available as a self-help tool and examples are hypothetical. Calculator is not intended to provide investment or tax advice. CD calculator is provided as-is solely to estimate potential earnings. Please note that this calculator generates an estimate, and may not represent actual earnings due to input or calculation error.
Ready to get started?
Open an Account Today
Fill out a simple form and we will be happy to assist you.
FAQ
What happens after I submit a deposit account opening form?
- Checking, Money Market and Savings Accounts can be funded by ACH, Personal Check, Money Order, or Wire.
- Will I be charged for the incoming wire?
- You will not be charged for the first initial incoming wire to fund the account, but any wires after the initial wire, we will be charging an $18.00 fee
- Will I be charged for the incoming wire?
- Certificate of Deposits can be funded by Personal Check, Money Order, or Wire.
- Will I be charged for the incoming wire?
- No, you will not be charged for any wire to fund a CD.
- Will I be charged for the outgoing wire after the CD matures?
- No, you will not be charged.
- Can I wire the CD funds to a different bank from what I originally funded the CD with?
- We only wire back to the bank you originally sent the wire from to fund the CD.
- Will I be charged for the incoming wire?
Does Luana Savings Bank open “out of state" accounts?
- Yes, we open “out of state” CD accounts.
- Unfortunately, we do not open “out of state” IRA/HSA accounts.
The early withdrawal penalty we impose is half of the CD term. (Ex. 48 month CD will have an early withdrawal penalty of 24 months of interest.)
What happens when my CD renews?
- You will receive a CD Renewal Notice plus a “Truth in Savings” (TISA) 30 days prior to maturity.
- The following terms are important to read on your notice and TISA:
- There is a 10-day grace period after maturity to either:
- Roll over to current term
- Make any changes (withdrawal money or add money)
- Close CD & open in a new term
- Close CD to bank money
- New maturity date of the CD, if you let CD roll over.
- CD Penalty, if you would close it after the 10-day grace period.
- There is a 10-day grace period after maturity to either:
- The following terms are important to read on your notice and TISA: