Bankers Trust Company's 18-Month CD Promotion with Bonus Rates



Residents of Iowa and Arizona

In September, I wrote about Bankers Trust Company’s (Iowa) 6-20 Month Pick A Term CD Promotion. That promotion has ended, but Bankers Trust Company currently has three promotional CDs (9-, 18-, and 36-month), with the 18-month CD Promotion being the most competitive. The minimum deposit for the 18-month CD is $1K and there is no maximum balance cap.

According to a very helpful CSR, the Early Withdrawal Penalty is based on when the withdrawal is made and is structured as follows:

    Withdrawal Before Maturity

    7-31 days before maturity

    >31 days, but <12 months="" before="">

    >12 months, but <24 months="" before="">


    7 days interest

    90 days interest

    180 days interest

The base rate on the 18-month CD Promotion is 1.30% APY, and can be increased through a Relationship Package of four different levels of Bonus Interest Rates:

    Tier Level

    Bronze Tier

    Silver Tier

    Gold Tier

    Platinum Tier

    Interest Rate

    0.025% APY

    0.05% APY

    0.075% APY

    0.10% APY

The simplest way to qualify for the Bonus Interest Rates is based on account balances:

    Bonus Level







    Deposit Requirement

    $5K combined checking/savings balance

    $15K combined deposit account balances

    $25K combined deposit account balances OR

    $50K outstanding consumer lending balances

    $50K combined deposit account balances OR

    $100K outstanding consumer lending balances

The alternate way to qualify for the different bonus rate is by fulfilling a series of checking account transactions (debit card, bill payments, eStatements, etc). Rather than try to list the requirements (which reads like a menu in a Chinese restaurant), please refer to Bankers Trust Company’s Benefits Banking Packing page.

According to Bankers Trust Company’s CD Rate Page, the frequency of rate changes is not limited:

We may change the bonus interest rate on your account every time you qualify for a different benefits tier.


Bankers Trust Company (headquartered in Des Moines, Iowa) offers it services and products to all residents of Iowa and Arizona.

There is an online application process to open "regular" CDs, but the 18-month Promotional CD must be opened in-person at one of 15 Iowa branches located in Altoona, Ames, Ankeny, Cedar Rapids (2), Clive, Des Moines (6), Grimes, Urbandale, and West Des Moines, or at one of 3 Arizona branches located in Phoenix (2) and Sun City West.

Bank Overview

Bankers Trust Company (FDIC Charter # 953) has an overall health grade at of "A+" with a Texas ratio of 2.97% (excellent) based on September 30, 2014 data. In the past year, Bankers Trust Company's total deposits increased by $47.7 Million, an above average annual growth rate of 2.13%. Please refer to our financial overview of Bankers Trust Company for more details.

Headquartered in Des Moines, Bankers Trust Company opened its doors in June 1917, and after the first day of business, deposits exceeded $485K and loans nearly reached $500K. The bank’s growth accelerated when it consolidated with, or purchased the assets of four Des Moines banks: The Northern Trust (1924), Security Trust and Savings Bank (1926), Peoples Savings Bank (1928), and Des Moines Bank and Trust Company (1953). With $3.01 Billion in assets, Bankers Trust Company is Iowa’s largest bank and the 268th largest bank in the nation.

How the CD Compares

When compared to similar length of term CDs tracked by, with similar deposit requirements and available to Iowa residents, Bankers Trust Company’s 18-month CD Promotion is competitive:

The above rates are accurate as of 12/29/2014.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Bankers Trust Company's (IA) 6-20 Month Pick A Term CD with Bonus Rates

Bankers Trust Company (Iowa) began offering a 6-20 Month Pick A Term CD Promotion with a 1.00% Base APY, with a Relationship Package of four different levels of Bonus Interest Rates: Bronze Tier 0.025% APY, Silver Tier 0.05% APY, Gold Tier 0.075% APY, and Platinum Tier 0.10% APY. The minimum deposit for the Pick A Term CD is $1K and there is no maximum balance cap.

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