CDs/IRAs

Certificates of Deposit

Invest without the risk of market losses with a CD from Community State Bank. CDs are a way to save while taking advantage of higher interest rates than traditional savings accounts. Our CDs have fixed rates, flexible term options from 3 to 60 months, and can start with deposits as low as $1,000.

 

Individual 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. By opening these types of accounts at Community State Bank, you can receive the retirement benefits while also maintaining the safety a bank provides.

IRA, SEP, and SIMPLE Accounts
These may allow you to deduct your contribution, reduce your current income taxes and offer tax-deferred earnings*. Each of these three accounts have different contribution limits that will allow you to save as much as you can this year for your future retirement.

Roth IRAs
Roth IRAs are nondeductible accounts that feature tax-free withdrawals for certain distribution reasons after a five-year holding period*. Roth accounts have many special benefits that distinguish themselves from IRA, SEP and SIMPLE accounts.

*Other terms and conditions apply. Please consult a tax accountant for full details.

Other types of investments also available.

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