Associated Bank CD Rates

Associated Bank 12-Month CD

2.25% APY

Associated Bank, headquartered in Green Bay, Wisconsin, offers many different certificate of deposit (CD) accounts with varying term lengths. With 213 branches in Wisconsin, Illinois and Minnesota, the bank has a solid presence in the northern Midwest.

If you have a qualifying Associated Bank checking account, then you’ll be able to access the preferred CD rates, which are a touch higher than the standard rates, but still fairly uncompetitive.

To calculate how much interest you could earn with a CD, try using SmartAsset's CD calculator.

Rates may vary depending on your specific branch location. For the purposes of this article, we’ll be using current rates for the Associated Bank headquarters in Green Bay, zip code 54301.

Regular CDs

Special CDs

The Special CD offerings have more unconventional term lengths and much more attractive interest rates. The catch is that the minimum deposit requirement is five times higher than that of regular CDs at $5,000. If you’re looking to invest a larger chunk of change, you’ll want to look at the Special CDs over the regular offerings.

Add-On CD

With an Add-On CD from Associated Bank, you have the ability to contribute to your investment throughout the term. The minimum deposit is also lower, making it more attractive for people who may not have $1,000 to put down all at once.

12-Month CD Interest Rate Comparison

Overview of Associated Bank CD Rates

With many different term lengths and several types of CD offerings, Associated Bank gives you plenty of opportunities to customize your savings strategy. Interest on all CDs compounds quarterly, which means you’ll earn slightly less than if the accounts were to compound daily or continuously. However, this difference is practically negligible unless you’re investing large sums in the highest-rate accounts for years at a time.

You will face a penalty for withdrawing your money early that will depend on the amount of your principal and the type of CD from which you’re withdrawing. For CDs with term lengths fewer than 12 months, your early withdrawal penalty will be 90 days of interest. For between 12 and 24 months, the penalty would be 181 days of interest. If your term is 24 months or longer but shorter than 36 months, you would pay 270 days of interest as a penalty. Finally, the penalty for term lengths longer than 36 months is 365 days of interest. 

Once you reach your maturity date, you will have a grace period of 10 days either to withdraw your money or place it in a CD with a different term. Otherwise, you will be renewed automatically for a CD of the same term as before. If you purchased a special CD and fail to act before the end of the grace period, it will renew for a regular CD of the closest term length (e.g. a 61-month special CD will renew as a 60-month regular CD). 

How Much You Earn With Associated Bank CD Over Time

Interest is compounded and credited to your account quarterly. You can withdraw interest you’ve accrued at any point without penalty. However, if you withdraw interest at any point during your term, then you will detract from your maximum earning potential.

Figures are calculated with standard rates, but if you have a qualifying Associated Bank checking account, you will be able to earn more interest on the 12-month and 60-month accounts.

How Associated Bank CD Rates Compare to Other Banks'

The regular CD rates at Associated Bank are decent when comparing strictly with other brick-and-mortar banks. When compared to a larger Midwestern bank like BMO Harris, the regular rates are better for shorter term lengths but worse for longer ones. The preferred CD rates are slightly better, but you need to have a qualifying Associated Bank checking account to gain access to those. The special CD rates are competitive even with online banks like Ally, but the high minimum deposit requirement restricts access to those as well.

Should You Get an Associated Bank CD Account?

If you already have a checking account at Associated Bank or you’re looking to deposit enough to qualify you for a special CD rate, then Associated Bank could be an attractive destination for you, especially if you’re set on conducting your banking in person.

If you’re open to the prospect of banking online, you don’t have an existing Associated Bank account or you are looking to deposit less than $5,000, you will be able to find much higher rates elsewhere. As with any account, you should review all the options available to you and familiarize yourself with all the details and fees associated with each option.