IRA’s

Retire in Colorado with an IRA from Citizens State Bank

There is a $25.00 minimum deposit required to open an Individual Retirement Certificate of Deposit. Penalties may apply for early withdrawal.
Citizens State Bank offers traditional, Roth, SEP, and educational IRAs in order to accommodate your individual needs.

Please stop by your nearest location or contact one of our friendly customer service representatives for current interest rate information and calculation methods. Open your account today!

The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. The annual percentage yield disclosed to you assumes interest remains on the deposit until maturity. You may make additional deposits to your IRA and may make withdrawals from your IRA (if you are age 59 ½ and older) until the maturity date. The IRA renews automatically.

The fee for premature IRA closure/transfer is $35.00 each.

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Rate Information:
This Account is an interest bearing account. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 12 Months. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Interest will be compounded semi-annually and will be credited semi-annually. We will mail the interest in a check to you or deposit the interest in an account that you designate. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Balance Information:
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $25.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations:
You must deposit $25.00 to open this account.

Time Account Information:
Your account will mature in 12 Month . If you withdraw any of the principal before the maturity date, we may impose a penalty of
Up to 6 Days 7 Days simple interest
7 day to 31 days all interest earned
32 days to one (1) year 30 days simple interest
more than one (1) year 90 days simple interest.

This account will automatically renew. You will have 10 after the maturity date to withdraw funds without penalty.
If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term.

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IRA’s

Retire in Colorado with an IRA from Citizens State Bank

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