Due to the increase in COVID-19 cases in our communities and out of concern for both our customers and staff, The Harvard State Bank has deemed it necessary to close our lobbies.
Each of our ﬁve locations will continue to conduct business through our Drive-Up facilities, Walk-Up window located at the Main Bank, and through Night Depositories. We also continue to have ATMs, telebanking and Digital Banking products and services available. Our Loan Officers, Bankers and Investment Rep will remain accessible by appointment as well as by phone.
Please feel free to contact us at 815-943-4400 with any questions or concerns.
Drive-Up, ATMs, Telebanking and Digital Banking products and services are recommended.
A Certificate of Deposit or CD is a time deposit account. CDs are similar to savings accounts in that they are insured and offer the safety of an FDIC insured investment up to the allowable deposit balances. CD accounts are recommended for customers who do not need to have immediate access to their funds.
Fixed Rate CDs are different from savings accounts in that the CD has a specific, fixed term (ranging from 3 months to 5 years), and a fixed interest rate. It is intended that the CD be held until maturity. In exchange for keeping the money on deposit for the agreed-upon term, CDs usually receive a higher interest rate than a savings account.