Bank · FDIC insured
Deerwood Bank CD Rates
Deerwood Bank’s best CD rate is 3.39% APY on a 1-year CD. Terms run from 6 months to 4 years. Rates checked October 16, 2026.
How Deerwood Bank’s CD rates compare
Compared with banks and credit unions near Brainerd, MN, where Deerwood Bank has the most branches. $10,000, best rate first.
This bank’s best
Deerwood Bank
3.39%APY
- Term
- 12 months
- Minimum
- $1,000
- Earns on $10,000
- $339
Certificates of Deposit
Top rate
Mid Minnesota Federal Credit Union
5.09%APY
- Term
- 36 months
- Minimum
- $10
- Earns on $10,000
- $1,606
2nd-highest rate
Affinity Plus
4.50%APY
- Term
- 60 months
- Minimum
- $500
- Earns on $10,000
- $2,462
Deerwood Bank CD score
66
CD score
Higher than 15% of U.S. banks and credit unions
- 3–8 months3–8 mo2.73%
- 9–15 months9–15 mo3.39%
- 16–30 months16–30 mo2.17%
- 31–60 months31–60 mo1.96%
- QualifiedQualified3.39%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Deerwood Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Certificates of Deposit
Up to 3.39%APY · 5 terms
Public fund deposits are not eligible for these offers; please contact one of our offices for a rate quote. Early withdrawal penalty may apply. Interest Compounded Quarterly.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 6 monthsEarly withdrawal penalty may apply | 2.73% | $136 |
| 12 monthsEarly withdrawal penalty may apply | 3.39% | $339 |
| 24 monthsEarly withdrawal penalty may apply | 2.17% | $439 |
| 36 monthsEarly withdrawal penalty may apply | 1.71% | $522 |
| 48 monthsEarly withdrawal penalty may apply | 1.96% | $807 |
Sources (1)
- deerwoodbank.com/wp-lib/wp-con…DepositRates_9.14.26.pdf · captured Oct 16, 2026
Special-purpose accounts
IRA Certificates
Up to 3.40%APY · 3 terms
Fees may reduce earnings on accounts. Rate may change after the account is opened. Interest rates and annual percentage yield may change on a daily basis. Early withdrawal penalty may apply. Interest Compounded Monthly.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 12 monthsFixed rate. Early withdrawal penalty may apply | 3.40% | $340 |
| 12 monthsVariable rate. Early withdrawal penalty may apply | 1.71% | $171 |
| 24 monthsFixed rate. Early withdrawal penalty may apply | 2.17% | $439 |
| 36 monthsFixed rate. Early withdrawal penalty may apply | 1.71% | $522 |
Sources (1)
- deerwoodbank.com/wp-lib/wp-con…DepositRates_9.14.26.pdf · captured Oct 16, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.