Ozark Bank Certificate of Desposit FAQ's
What are Ozark Bank’s current Certificate of Deposit (CD) rates?
Ozark Bank offers competitive, local CD interest rates. The rate you earn is dependent on the term. For specific current rates, you can contact one of Ozark Bank’s local branches in Ozark or Nixa, MO directly or by
completing the form on this page.
Is a Certificate of Deposit worth it?
A Certificate of Deposit (CD) at Ozark Bank provides a guaranteed return on your money after depositing it for a specific period of time. It is an interest-bearing savings and investment option to help you reach your financial goals or save for upcoming purchases. The value of the investment depends on individual financial goals and risk tolerance.
Is it better to have a CD or a money market account?
CDs offer fixed interest rates for a specific term, while money market accounts may have variable rates and offer more liquidity. The choice between the two depends on individual preferences, financial goals, and the need for liquidity.
What are the disadvantages of a certificate of deposit?
One of the disadvantages of a CD is that early withdrawal penalties will apply. If you withdraw your money before the maturity date, you may incur a penalty.
What is the minimum deposit required to open a CD at Ozark Bank?
A minimum deposit of $1,000 is required to open a Certificate of Deposit at Ozark Bank.
How long does a certificate of deposit last?
Ozark Bank offers term options for CDs ranging from 3 months to 5 years. The duration of the CD depends on the term chosen by the account holder.
What are the next steps to opening a certificate of deposit?
You can start planning today and save for tomorrow with Ozark Bank’s fixed rate certificate of deposit. You can open your new CD bank account online using the “
Open Now” link provided, visit any Ozark Bank location to learn more, or
fill out the contact form to speak to one of our representatives for more information about current rates and promos.