First State Bank

Savings, CDs & IRAs

Regular Savings Account

  • Interest earning
  • Interest rate and annual percentage yield may change at any time
  • Interest compounded every quarter
  • Interest will be credited to your account every quarter
  • Interest begins to accrue on the business day you deposit non-cash items (example, checks)
  • Minimum $50 deposit required to open account
  • Minimum balance to avoid fees
  • Account must be active to avoid fees.
  • Limit of 6 withdrawals per statement cycle

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Money Market Savings Account

  • Interest earning account
  • Interest rate and annual percentage yield may change
  • Interest compounded every quarter
  • Interest credited to your account every quarter
  • Minimum $2,500 deposit required to open an account
  • Minimum balance to avoid fees
  • Limit of 6 withdrawals per statement cycle

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Christmas Club Account

  • Interest earning account
  • Interest rate and annual percentage yield may change
  • Interest will be compounded annually
  • Interest will be credited annually
  • Interest begins to accrue on the business day you deposit non-cash items (example, checks)
  • No withdrawals are allowed from this account.
  • Checks will be issued once a year.

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Certificates of Deposit

Whatever your savings goal or purpose, CDs are an ideal way to save for the future. Certificates of Deposit (CD’s) are time deposit accounts with a selection of terms ranging from 3 to 36 months. The longer the term, the higher the interest rate.

Features

  • Choose from 3 months to 36 months, to fit your long-range savings goals
  • FDIC insured
  • CD’s can be used as collateral for a loan

Note: Substantial penalty for early withdrawal.

CONTACT FIRST STATE BANK OF KIESTER FOR CURRENT INTEREST RATES

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Individual Retirement Accounts

  • An individual tax sheltered retirement plan for those with earned income.
  • Traditional, Roth, SEP IRA’s available
  • FDIC insured

Note: Potential for substantial bank and/or IRS penalty for early withdrawal. Consult your tax advisor for deductibility and what kind is right for you.

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