Bank · FDIC insured
Drake Bank CD Rates
Drake Bank’s best CD rate is 4.00% APY on a 1-year CD. Terms run from 3 months to 5 years. Rates checked October 16, 2026.
How Drake Bank’s CD rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where Drake Bank has the most branches. $10,000, best rate first.
This bank’s best
Drake Bank
4.00%APY
- Term
- 12 months
- Minimum
- $500
- Earns on $10,000
- $400
Certificates of Deposit
Top rate
SouthPoint Financial Credit Union
9.00%APY
- Term
- 9 months
- Minimum
- —
- Earns on $10,000
- $668
2nd-highest rate
Woodlands National Bank
4.87%APY
- Term
- 60 months
- Minimum
- $1,000
- Earns on $10,000
- $2,684
Drake Bank CD score
85
CD score
Higher than 69% of U.S. banks and credit unions
- 3–8 months3–8 mo3.65%
- 9–15 months9–15 mo4.00%
- 16–30 months16–30 mo3.65%
- 31–60 months31–60 mo3.75%
- QualifiedQualified4.00%
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 Drake 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 4.00%APY · 9 terms
CD accounts require a $500 opening balance. Additional deposits before maturity are not permitted. Penalty for early withdrawal may apply.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 months | 3.65% | $91 |
| 6 months | 3.63% | $182 |
| 9 months | 3.46% | $258 |
| 12 months | 4.00% | $400 |
| 18 months | 3.61% | $546 |
| 24 months | 3.65% | $743 |
| 36 months | 3.70% | $1,152 |
| 48 months | 3.75% | $1,587 |
| 60 months | 3.75% | $2,021 |
Sources (1)
- drake-bank.com/certificates-of-deposit · captured Oct 5, 2026
Special-purpose accounts
Individual Retirement Accounts (IRA)
Up to 4.00%APY · 8 terms
CD and IRA accounts require a $500 opening balance. Interest rates on CDs are fixed rates and are paid for the term of the deposit until maturity. Additional deposits before maturity are not permitted except for the IRA CD, which allows additional deposits of a minimum of $50.00. Penalty for early withdrawal may apply.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 3 months | 3.65% | $91 |
| 6 months | 3.63% | $182 |
| 12 months | 4.00% | $400 |
| 18 months | 3.61% | $546 |
| 24 months | 3.65% | $743 |
| 36 months | 3.70% | $1,152 |
| 48 months | 3.75% | $1,587 |
| 60 months | 3.75% | $2,021 |
Sources (1)
- drake-bank.com/deposit-account-rates · captured Oct 5, 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.