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Personal Banking - CDs & IRAs
Certificate of Deposit (CD)
Individual Retirement Account (IRA)


Certificates of Deposit are investment options that offer high rates of interest for specific amounts of time. At First State Bank you can choose from a variety of F.D.I.C. insured and profitable CD's. We can show you how our flexible terms can help you reach your financial goals.

Minimum investment: $1,000.
Terms available from 7 days to 7 years or more.

Open an account at any branch or Contact us Today!

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The First State Bank IRA offers you an exciting opportunity to defer taxes on part of your income now while saving for the future. It can be an important supplement to Social Security and company pension benefits during your retirement years. Both Fixed Rate IRA's and Variable Rate IRA's are available. We offer Traditional, Roth, Simplified Employee Pension (SEP) and Coverdell Education Savings Account (CESA) IRA’s (see descriptions below).

Minimum investment: $500.
Terms available from 7 days to 7 years or more.

Open an account at any branch or Contact us Today!

  • Traditional IRA*

Traditional IRA's allow you to defer taxes on the earnings on your contributions until they are withdrawn.  In addition, certain contributions are tax deductible in the tax year for which you make them.

  • Roth IRA*

Roth IRA's allow only nondeductible contributions and qualified distributions are tax-free after a five-year holding period.  If you expect to be in a higher tax bracket when you retire, you may benefit from the Roth IRA as contributions are taxed in the year they are earned.

  • SEP IRA*

A Simplified Employee Pension (SEP) plan is a retirement plan established by an employer. Each year, the employer can contribute a percentage of each eligible employee's compensation directly to the employee's Traditional IRA.


The Coverdell Education Savings Account (CESA) is a nondeductible account, set up to pay the qualified education expense of a designated beneficiary who is under 18 or special needs. CESA's feature tax-free distributions for qualified elementary, secondary, or higher education expenses.

*Protected and guaranteed amounts subject to FDIC guidelines. 

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