Personal Banking

CDs & IRAs

Certificates of Deposit

A Certificate of Deposit(CD) is a deposit account that provides a fixed rate of return for a specific period of time. CDs offer you peace of mind and great earnings potential, without risking what you have worked hard to save. They are FDIC-insured. First State Bank offers several CD options. Contact us for rates and more information.

• Minimum balance - The minimum balance required to open a CD varies depending on the type of CD and term.
• You may not make withdrawals of principal from your account before maturity. You can only
  withdraw credited interest before maturity if you make arrangements with us for periodic payments of interest in lieu of crediting. You can withdraw interest only on the crediting dates.
• Your account will automatically renew at maturity. Each renewal term will be the same as
  the original term, beginning on the maturity date.

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs) are one of the most effective ways to accumulate retirement savings. There are many types of IRAs, but they all have in common built-in tax advantages that allow your account to compound at a faster rate than a regular investment.

• Traditional IRA
• Roth IRA