Old National Bank CD rates continue to attract attention from U.S. savers looking for secure, predictable returns as interest rate conditions remain a central financial concern in early 2026. Certificates of deposit offered by Old National Bank provide fixed yields over defined terms, making them a popular choice for individuals who prioritize capital preservation and steady interest earnings over market-based risk.
As of today, Old National Bank maintains a structured lineup of CD products designed to meet a range of savings goals, from short-term cash management to longer-term interest locking strategies. These offerings reflect current banking conditions and remain consistent with what customers can verify directly through official bank channels.
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Understanding How Old National Bank CD Rates Work
Certificates of deposit at Old National Bank function as time-based savings instruments. Customers agree to deposit funds for a fixed period, known as the term, in exchange for a guaranteed interest rate that does not change during the life of the CD.
Once opened, the interest rate is locked in. This feature appeals to savers who want protection from future rate declines. The tradeoff comes in the form of limited access to funds. Withdrawing money before maturity generally triggers a penalty, which can reduce earned interest or, in some cases, a portion of the principal.
Old National Bank structures its CD rates based on term length, deposit size, and promotional availability. Shorter-term CDs often offer higher yields when the bank seeks to attract new deposits quickly, while longer-term CDs provide stability and predictability over extended periods.
Current Old National Bank CD Rate Structure
Old National Bank currently offers several standard CD terms that align with common consumer needs. While rates can vary by region and promotion, the bank’s core CD lineup remains consistent across most markets.
The most commonly available terms include:
- Short-term CDs, such as five-month options, designed for savers who want flexibility and faster access to reinvestment opportunities
- Mid-term CDs, often ranging from 12 to 19 months, offering balance between yield and time commitment
- Longer-term CDs, which prioritize rate stability over liquidity
Minimum deposit requirements typically start at moderate levels, making these CDs accessible to a wide range of customers rather than only high-balance investors.
The bank positions its rates to remain competitive among traditional brick-and-mortar institutions, especially for customers who value local branch access and personalized service.
Why Short-Term CDs Are Drawing Interest
Short-term CDs have become a focal point for many savers. These products allow customers to earn a relatively strong yield without committing funds for multiple years.
A shorter term offers several advantages:
- Faster maturity allows reinvestment if rates rise
- Reduced exposure to long-term rate uncertainty
- Easier alignment with near-term financial goals
For customers who are cautious about locking money away during uncertain economic conditions, short-term Old National Bank CD rates provide a structured yet flexible option.
These CDs often serve as an alternative to high-yield savings accounts for individuals who are comfortable sacrificing liquidity in exchange for a fixed return.
Mid-Term CDs and Balanced Saving Strategies
Mid-term CDs occupy a middle ground that appeals to savers seeking both yield and reasonable access to funds within a predictable timeframe.
Old National Bank’s mid-term CD offerings typically range from just over one year to under two years. This duration allows customers to lock in a fixed return while avoiding the extended commitment associated with long-term CDs.
Many savers use mid-term CDs to:
- Preserve funds earmarked for future expenses
- Diversify savings beyond basic accounts
- Create predictable income planning windows
Because interest rates remain fixed, these CDs eliminate uncertainty related to variable-rate products.
Longer-Term CDs and Rate Stability
Longer-term CDs are designed for customers who value certainty above all else. By committing funds for extended periods, savers gain peace of mind knowing their return will not fluctuate with market conditions.
At Old National Bank, longer-term CDs serve as tools for:
- Conservative retirement planning
- Long-range savings goals
- Risk-averse investment strategies
These CDs are often used by individuals who already maintain adequate liquid savings and can afford to keep funds locked away until maturity.
FDIC Insurance and Account Security
One of the most important advantages of Old National Bank CD rates is the built-in security provided through FDIC insurance.
Deposits are insured up to applicable limits, ensuring that customer funds remain protected even in extreme financial scenarios. This protection makes CDs especially attractive during periods of economic uncertainty.
For many savers, this level of security outweighs the potentially higher returns of risk-based investments.
Early Withdrawal Penalties Explained
Understanding early withdrawal penalties is essential before opening any CD. Old National Bank enforces penalties designed to discourage premature withdrawals and protect the bank’s funding structure.
Penalties are generally calculated based on:
- A portion of interest earned
- A defined number of months’ interest
- The remaining term length
Withdrawing funds early can significantly reduce overall returns. In some cases, penalties may exceed interest earned, affecting the principal balance.
This structure reinforces the importance of choosing a CD term that aligns with actual financial needs.
How Old National Bank CD Rates Compare in the Market
Old National Bank CD rates are positioned competitively among traditional financial institutions. While online-only banks may sometimes offer higher yields, they often lack physical branches and in-person service options.
Old National Bank appeals to customers who prefer:
- Face-to-face banking relationships
- Local branch access
- Personalized financial guidance
For many savers, these benefits justify selecting a CD with a slightly lower yield than digital-only competitors.
Who Benefits Most From Old National Bank CDs
Old National Bank CDs are particularly well-suited for:
- Conservative savers seeking predictable returns
- Individuals planning for known future expenses
- Retirees prioritizing capital preservation
- Customers who prefer relationship banking
These CDs work best as part of a diversified savings strategy rather than as a standalone financial solution.
Using CDs as Part of a Broader Savings Plan
Many customers incorporate CDs into laddering strategies. This approach involves opening multiple CDs with staggered maturity dates.
A CD ladder offers several advantages:
- Regular access to maturing funds
- Reduced exposure to interest rate changes
- Ongoing reinvestment flexibility
Old National Bank CD rates support laddering due to the availability of multiple term lengths.
Interest Rate Environment and CD Demand
Interest rates remain a central topic in 2026. While fluctuations occur, CDs continue to offer certainty that variable-rate accounts cannot match.
Old National Bank responds to rate changes by adjusting promotional offerings rather than frequently altering standard rates. This strategy helps maintain consistency while remaining responsive to market conditions.
Opening a CD at Old National Bank
Opening a CD typically involves selecting a term, depositing funds, and agreeing to the stated interest rate and maturity date.
Customers can open CDs through branches or approved digital channels. Bank representatives often assist with term selection based on individual financial goals.
Once opened, the CD requires no ongoing management, making it a low-effort savings vehicle.
Renewals and Maturity Options
At maturity, customers usually have several options:
- Renew the CD for the same term
- Roll funds into a different term
- Withdraw funds without penalty
Understanding maturity instructions is critical. Failure to act within the grace period may result in automatic renewal at the prevailing rate.
Why Old National Bank Maintains Strong CD Demand
Despite increased competition from digital banks, Old National Bank continues to attract CD customers due to trust, longevity, and service quality.
The bank’s reputation for stability reassures savers who prioritize reliability over maximum yield chasing.
The Role of CDs in Risk Management
CDs act as anchors within a financial portfolio. They balance higher-risk investments by providing guaranteed returns and preserving capital.
Old National Bank CD rates allow customers to maintain this balance without complexity.
Final Considerations Before Opening a CD
Before committing funds, savers should consider:
- Liquidity needs
- Term length suitability
- Early withdrawal penalties
- Overall financial goals
Taking time to evaluate these factors ensures that a CD aligns with long-term planning rather than creating unnecessary constraints.
Looking Ahead for Savers
Old National Bank CD rates remain relevant in 2026 for individuals seeking dependable savings options in a changing financial environment. With structured terms, insured deposits, and predictable returns, these CDs continue to serve as a foundational tool for conservative financial planning.
Have thoughts or experiences with Old National Bank CD rates? Share your perspective and stay informed as savings strategies continue to evolve.
