Certificates of Deposit
Security State Bank Time Certificates of Deposit offer you numerous investment options with an added incentive to save – competitive higher rates of interest. Whether you are looking for a secure investment or additional money to supplement your income, these accounts are designed with a variety of terms and flexible features and are guaranteed to grow!
Features:
- Maturity terms from 90 days to 30 months
- Only $1,000.00 minimum opening deposit
- Tiered higher interest rates for larger deposit amounts
- Several flexible interest payment options
CDs are subject to penalty for early withdrawal.
Individual Retirement Accounts
Saving and planning for the future is easier when you invest in an account with tax benefits! Our Individual Retirement Accounts are such an account, and are designed both for those who can invest funds for retirement and for those who have rollover funds from a qualified retirement program such as a 401(k) or a SEP.
Features:
- Certificate of Deposit options with maturity terms from 90 days to 30 months
- Tiered higher interest rates for larger deposit amounts
- IRS regulations apply
Account Options:
- Traditional IRA – Defer taxes on your earnings until they are withdrawn; If you qualify, your contribution may be tax-deductible.
- Roth IRA – Advantage of tax-free earnings as they accumulate or when they are withdrawn; This option is designed for people in higher tax brackets, provided you follow the withdrawal stipulations (At least 59½ and account opened at least 5 years).
For more information on any of our Certificates of Deposit or Individual Retirement Accounts,
please call a Security State Bank staff member
