Palo Savings Bank CD rates
Palo Savings Bank lists 3.89% APY on its 182-day CD for deposits of $100,000 or more, and 3.78% on smaller deposits. A $10,000 deposit earns 3.78%, which is 2.39 percentage points above the national 6-month CD average of 1.39% (FDIC, Oct 2026).
Palo Savings Bank at a glance
| CDs | |
|---|---|
| Top CD APY | Up to 3.89% · 6 months · 182 Day CD · needs at least $100,000 |
| Minimum to open | $1,000 · 6 months CD |
| FDIC certificate | 13990 · Palo, IA |
|---|---|
| Website | www.palosavingsbank.com |
| Branches | 1 branch in IA |
Palo Savings Bank CD rates
How the rate applies
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Palo Savings Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 3 months | Up to0.55%Needs at least $100,000 | $1,000 | 91 Day CD |
| 6 months | Up to3.89%Needs at least $100,000 | $1,000 | 182 Day CD |
| 12 months | Up to3.65%Needs at least $100,000 | $1,000 | 12 Month CD |
| 18 months | Up to3.34%Needs at least $100,000 | $1,000 | 18 Month CD |
| 24 months | Up to2.98%Needs at least $100,000 | $1,000 | 24 Month CD |
| 36 months | Up to2.37%Needs at least $100,000 | $1,000 | 36 Month CD |
| 36 months | Up to2.27%Needs at least $100,000 | $1,000 | 36 Month Trade A Rate CD (Renewable) |
What Palo Savings Bank pays on deposits
FDIC call report data
This section shows how the bank has priced the savings and money market deposits it already holds, over time. 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.
In Q2 2026, Palo Savings Bank paid a higher average rate on savings and money market deposits than 3% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Palo Savings Bank, savings and money market
- 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 savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
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 rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. 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. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 91 Day CD | 3 months | Up to 0.55% | $1,000 | not stated | not stated |
| Fine print: The term is 91 days. | |||||
| 182 Day CD | 6 months | Up to 3.89% | $1,000 | not stated | not stated |
| Fine print: The term is 182 days. | |||||
| 12 Month CD | 12 months | Up to 3.65% | $1,000 | not stated | not stated |
| 18 Month CD | 18 months | Up to 3.34% | $1,000 | not stated | not stated |
| 24 Month CD | 24 months | Up to 2.98% | $1,000 | not stated | not stated |
| 36 Month CD | 36 months | Up to 2.37% | $1,000 | not stated | not stated |
| 36 Month Trade A Rate CD (Renewable) | 36 months | Up to 2.27% | $1,000 | not stated | not stated |
How Palo Savings Bank behaves over time
Recent rate changes, as observed
- Obs. Sep 18, 202624 Month CDCut:3.55%to2.88%
- Obs. Sep 18, 202636 Month CDCut:3.55%to2.27%
- Obs. Sep 18, 202636 Month Trade A Rate CD (Renewable)Cut:3.44%to2.17%
- Obs. Sep 16, 2026182 Day CDRaise:3.58%to3.78%
- Obs. Sep 16, 202618 Month CDCut:3.55%to3.24%
$10,000 in Palo Savings Bank's 182 Day CD earns 3.78% overall at the advertised rates, so it grows to $10,378 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $10,004 does today. See how the federal funds rate shapes savings rates.
Palo Savings Bank CD rates over time
Who is Palo Savings Bank?
| Headquarters | Palo, IA |
|---|---|
| Founded | 1908 |
| Scale | $49M assets · $45M deposits, $36M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 13990 |
| Charter state | Iowa · one of 226 insured banks chartered there (Q2 2026, FDIC) |
| Size | 4,000th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 31% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Palo Savings Bank pays on deposits above.
Common questions about Palo Savings Bank
Is Palo Savings Bank FDIC insured?
Yes. Palo Savings Bank is FDIC insured under certificate 13990, so deposits are covered up to $250,000 per depositor, per ownership category.
Does Palo Savings Bank have branches?
Yes. Palo Savings Bank operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
Similar banks and related pages
Other banks chartered in Iowa, nearest to Palo Savings Bank in deposits:
Rate hubs: today's highest savings rates, and CD rates by term.
State pages: banks in Iowa.