CDs & IRAs

Certificates of Deposit (CDs)

When you are looking for a low-risk investment for your hard-earned cash, you might want to consider a Certificate of Deposit (CD). This type of investment offers a higher rate of interest than a regular savings account. Unlike non-bank investments, CD's are FDIC insured up to $250,000.

When you purchase a CD, you invest a fixed sum of money for a fixed period of time such as six months or one year, and in exchange the bank pays you interest, typically at regular scheduled times. When you cash in or redeem your CD, you receive the money you originally invested plus any accrued interest. If you redeem your CD before it matures, an “early withdrawal” penalty may apply.


Bank of Turtle Lake certificates of deposit offer:

  • MINIMUM opening deposits start at $500.00.
  • Terms are offered from 91 days to 60 months.
  • All deposits are FDIC insured for up to $250,000.00.


Please contact us for current CD rates and CD specials at 701-448-2323 or 1-866-448-2325.


Individual Retirement Accounts (IRAs)

Today, in our economy, one of our greatest challenges is having financial security at retirement age. Make your commitment to rely on your own resources to support your lifestyle upon retirement. Bank of Turtle Lake is here to help you build your retirement with the plan that will suit your needs in the future. Remember, it’s never too late to start!

The Bank of Turtle Lake offers many different IRA's with an initial deposit of as little as $500.00 and no annual fees. Please consult your tax advisor for your eligibility. You may come by and talk to our IRA representatives at your convenience.


At the Bank of Turtle Lake we offer the following retirement accounts:

  • Traditional IRA accounts
  • ROTH IRA accounts
  • TOA Accounts


Please call (701) 448-2323 for more information on what retirement planning can do for you.