Shelter Bank offers a variety of bank CDs and jumbo CDs. Shelter Bank offers jumbo CDs with terms ranging from 6 to 84 months at competitive interest rates to help consumers meet a wide range of savings and investment needs. The jumbo CD interest rates being offered by Shelter Bank to its clients are very attractive relative to the average national CD rates with similar terms.
Shelter Financial Bank is a wholly owned subsidiary of Shelter Insurance Companies. The jumbo CDs promoted by Shelter Bank are FDIC insured up to $250,000 per depositor. These are fixed rate jumbo CDs, the interest rates offered are fixed for the term of the certificate.
Shelter Bank is headquartered in Columbia, Missouri where the bank has conventional walk-in bank facility, but accounts can be opened through the internet, or by visiting any Shelter Insurance Agent located in 14 states.
Shelter Financial Bank offers a complete line of banking products and services including; auto loans, consumer loans and mortgage loans, CD’s and money market accounts through the Shelter Insurance agents, at the bank facility or online.
With jumbo CD rates offered by Shelter Bank the interest earned is compounded daily. The CD interest earned may be paid out of the accounts as often as monthly. There are no monthly fees with bank CDs. Early withdrawal of any principal will be subject to penalty.
Current jumbo CD rates and terms offered by the bank include:
6 month CD rate at 0.90%
1 year CD rate 1.20%
18 month jumbo C D rate of 1.30%
2 year CD rate 1.50%
27 month CD interest rate special at 1.80%
30 month CD interest rate 1.70%
3 year jumbo CD rate 1.80%
4 year bank CD rate is 2.25%
5 year CD rate is 3.15%
6 year jumbo CD rate 3.50%
7 year jumbo bank rate is also 3.50%
There is $95,000.00 minimum opening deposit required to obtain the listed jumbo CD rates and terms.
The CD interest rates listed are accurate as of this publication date but are subject to change and bank approval. Additional conditions may apply to open these bank CDs. For current CD rates including the bank jumbo CD rates, a bank representative can be reached at 800-251-7115.
Shelter Insurance representatives are located in Colorado, Nevada, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas, Louisiana, Illinois, Indiana, Kentucky, Tennessee and Mississippi.
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