CDs / IRAs


If you are looking for a higher interest rate, check out our CDs. Each certificate guarantees you a rate for a specific period of time to maximize your earning. The minimum deposit for a certificate is a $1000. (Substantial Penalty For Early Withdrawal) Each Certificate offers:

  • Competitive rates 
  • Low minimum deposit requirements 
  • A variety of interest payment options 
  • Automatic renewal at maturity 
  • Convenient terms (3 months to 60 months) 
  • Direct Deposit of interest earnings into your checking account, or mailed directly to you by check 
  • FDIC insurance 


An IRA is an Individual Retirement Account, established by an individual to provide for his or her own retirement. This investment option is an excellent way to save for retirement where choices of tax-deferred contributions or tax-free earnings are available. Recent changes in legislation have made it even more beneficial to invest in an IRA. 

With all the options available, isn’t it reassuring to know that First State Bank is here to help? Your investments are important, that's why we want you to know some IRA basics before you choose what retirement option is best for you.


The earnings is a Traditional IRA grows tax-deferred until they are withdrawn. Depending on your income, contributions to Traditional IRAs are also tax-deductible up to the full amount of the contribution. 


A Roth IRA is similar to a Traditional IRA in many ways, the major difference being that the contributions to a Roth IRA are not tax-deductible, which also means that the interest and earnings in a Roth IRA accumulates tax-free. The Roth IRA must be specified as such when the account is open. 

First State Bank wants your retirement to be as full as your life. So we offer products and rates to build your nest egg. It’s never too early to start your IRA. After all, it’s your future, not just your funds. There is absolutely no fee to open your IRA. Best of all, your First State Bank IRA’s are insured up to $250,000 by the Federal Deposit Insurance Corporation.