Isabella Bank (MI) Boosts 15-Month Bump CD Special


Availability: 15-month Bump CD Special, 1.80% APY ($10k+), 1.55% APY ($500), one bump permitted during the term.

Availability: Market area includes seven mid-Michigan counties.

Isabella Bank ended last week by boosting up its 15-month Bump CD Special rate to 1.80% APY ($10k+) and 1.55% APY ($500). The Bump CD Special “allows for 1 rate bump per term.”

DA reader and contributor, Charles Rechlin, has written an article about bump-up CDs and step-rate CDs. If you’re not familiar with these types of CDs, the article is a good place to begin.

The 15-month Bump CD Special was added to the product line approximately three months ago, only earn 0.80% APY. This 100 bps increase definitely falls in the “treat” category.

According to CSR, the Early Withdrawal Penalty for CDs with terms less than 24 months is three months interest.


Headquartered in Mount Pleasant, Michigan, Isabella Bank’s market area includes seven mid-Michigan counties: Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw.

Opening any type of account can be done at any of 28 full-service Michigan branches, located in Barryton, Big Rapids (2), Blanchard, Breckenridge, Canadian Lakes, Clare (2), Farwell, Freeland, Greenville, Hemlock, Ithaca, Lake, Lake Isabella, Midland (2), Mount Pleasant (4), Remus, Saginaw, Shepherd, Six Lakes, Stanton, and Weidman (2).

Bank Overview

Isabella Bank has an overall health grade of "A" at, with a Texas Ratio of 1.61% (excellent), based on June 30, 2017 data. In the past year, the Bank has increased its total non-brokered deposits by $43.31 million, an excellent annual growth rate of 4.07%. Please refer to our financial overview of Isabella Bank (FDIC Certificate # 1005) for more details.

Isabella Bank was established in 1903 when John Weidman purchased a private bank located in Mount Pleasant, changing the name to Isabella County State Bank. What began as a small bank in a small town in Michigan has grown to become the State’s seventh largest bank, with assets in excess of $1.7 billion and more than 71,000 customer accounts.

How the Bump CD Special Compares

When compared to the 179 similar length-of-term CDs tracked by that are available within the Bank’s market area, Isabella Bank’s 15-month Bump CD Special APY currently ranks second, regardless of minimum deposit.

The above rates are accurate as of 10/30/2017.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our new Rates Map page.

Related Pages: Flint CD rates, Traverse City CD rates, Grand Rapids CD rates, 1-year CD rates


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