Personal Educational/Retirement Accounts

It's never too late to start saving for higher education or retirement. Congress created accounts to encourage you to save for these events. There are several plans to select from depending on your tax situation.

• Educational IRA and 529 plans allow distributions for qualified education expenses that are federal income tax free and IRS penalty free.
• IRA, SEP and SIMPLE accounts may allow you to deduct your contribution, reduce your current income taxes and offer tax-deferred earnings.
• Roth IRA's are nondeductible accounts that feature tax-free withdrawals for certain distribution reasons after a five-year holding period.

Community State Bank interest-bearing products offer:

• Variable length of term
• Fixed or variable rates of interest
• Other terms and conditions apply

Alternative types of Investments available.

Call or email for current rates or questions.