Center National Bank savings and CD rates, reviewed
Center National Bank advertises 0.10% APY on its Center Savings account. That is 28 basis points below the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #249 of 337 tracked savings rates. It was #168 three months ago.
Estimate your earnings →·What Center National Bank actually pays →
Center National Bank at a glance
| Top savings APY | 0.10% · Center Savings |
|---|---|
| Top CD APY | 3.24% · 6 months |
| Top money market APY | 1.74% |
| Minimum deposit | $50 |
| FDIC certificate | 10976 · Litchfield, MN |
| Website | www.centerbankmn.com |
| Branches | 3 branches in MN |
| Availability | Available in MN |
Center National Bank savings and CD rates
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%.
Center National Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 6 months | 3.24% | $500 | 6-Month Certificate of Deposit |
Interactive Tool
Calculate Savings for Center National Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$37.30(0.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,037.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Center National Bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q1 2026, Center National Bank paid a higher average rate than 9% of U.S. banks (all-bank median 2.27%).
- Center National Bank, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | Min to open | Min to earn | Monthly fee | Direct deposit | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|
| Center Savings | $50 | $0 | not stated | Not required | Variable | |
| Money Market Platinum Savings | not stated | $0 | not stated | not stated | Tiered | |
| Money Market Savings | not stated | $0 | not stated | not stated | Tiered |
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Available in MN |
|---|---|
| Footprint | 3 branches in MN |
| Eligibility | not stated |
How Center National Bank behaves over time
Every observation of the advertised Center Savings rate in the last 12 months was 0.10% (observed through Aug 19, 2026). The series includes promotional tiers where one applied.
Banksparency observed no cuts to Center National Bank's advertised savings rate in the last 12 months, a period with 3 Federal Reserve cuts.
Recent rate changes, as observed
- Obs. Apr 20, 20266-Month Certificate of Deposit▲ 1.26% → 3.24%
- Obs. Apr 12, 2026Money Market Savings▼ 1.25% → 0.20%
- Obs. Apr 6, 20266-Month Certificate of Deposit▼ 3.49% → 1.26%
Center National Bank CD rates over time
Who is Center National Bank?
| Headquarters | Litchfield, MN |
|---|---|
| Scale | $233M assets · $206M deposits (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 10976 |
Financial detail is in What Center National Bank pays on deposits above.
Common questions about Center National Bank
Is Center National Bank FDIC insured?
Yes. Center National Bank is FDIC insured under certificate 10976, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Center National Bank?
Center National Bank requires a minimum deposit of $50 to open its Center Savings account, as observed on Aug 19, 2026. Check the bank's current terms before you open an account.
Does Center National Bank have branches?
Yes. Center National Bank operates 3 branches according to FDIC branch records, in addition to its website and mobile apps.
Center National Bank against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Center National Bank | 1.74% | 1.37% | not stated | 3 branches in MN |
| Fifth District Savings Bank | 0.60% | 2.05% | $50 | 7 branches in LA |
| First Bank Elk River | 0.70% | 1.88% | $100 | 4 branches in MN |
| First-Citizens Bank & Trust Company | 0.15% | 2.69% | $500 | 518 branches across 23 states |
Alternatives are the three tracked banks whose best savings APY is closest to Center National Bank's.
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