Certificate of Deposit (CD)

At Citizens State Bank, we are dedicated to being the financial cornerstone of Colorado's small towns. Our goal is to provide exceptional service and tailored financial solutions to residents and businesses in Ouray, Ridgway, Silverton, Naturita, and Telluride. As a community bank, we understand the distinctive opportunities and obstacles of living and doing business in these dynamic areas. With our competitive rates on certificates of deposit, you can experience the local advantage while we help you achieve your financial goals. Let us be your trusted partner on your journey towards financial success.

Ready to secure your financial future and make your money work harder for you? It's easy to open a Certificate of Deposit account with Citizens State Bank. Simply visit one of our local branches in Ouray, Ridgway, Silverton, Naturita or Telluride, and our friendly customer service representatives will guide you through the application process. Alternatively, you can start the application process online from the comfort of your own home. Don't wait any longer – invest in your future today!

Investing in a Certificate of Deposit (CD) account with Citizens State Bank can provide you with a secure and reliable way to grow your money. Our CD accounts offer a range of time increments to suit your needs, allowing you to enjoy the benefits of a higher interest rate compared to traditional savings accounts. Key features include:

• $1,000 minimum deposit: To open a CD account with Citizens State Bank, you need to make an initial deposit of at least $1,000. This ensures your commitment to the investment and allows you to take advantage of the higher interest rates offered.
• Competitive interest rates: Our CD accounts offer attractive interest rates based on the chosen term length.
• Interest calculated daily: Citizens State Bank calculates interest on your CD account daily using a 365-day basis.
• Quarterly compounding and crediting: We compound and credit your interest to your account on a quarterly basis, allowing you to earn interest on your interest.
• Automatic renewal at maturity: To make managing your CD account hassle-free, it will automatically renew at the end of its term. You will receive a notice before the maturity date, giving you the option to make changes or withdraw your funds if desired.
• No additional deposits or withdrawals: To maintain the higher interest rate offered on your CD account, you cannot make additional deposits or withdraw funds before the maturity date. This restriction ensures a stable, long-term investment that maximizes your earnings.

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We will respond during regular business hours, M-F - 8:30AM to 5:00PM.

Phone: 970.325.4478

1 MONTH

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 1 Month. Interest begins to accrue On date of deposit . Interest will not be compounded on the account. Interest will be credited at maturity. We will mail the interest in a check to you or deposit the interest in an account that you designate. If this account is used as an COLTAF Trust Account, then Interest (less applicable fees and service charges) will be sent to the Colorado Lawyer Trust Account Foundation.

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 $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations:
You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.

Time Account Information:
Your account will mature in 1 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.

12 MONTH

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 Month.
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. If this account is used as an COLTAF Trust Account, then Interest (less applicable fees and service charges) will be sent to the Colorado Lawyer Trust Account Foundation. 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 $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations:
You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.

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.

24 Month
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 24 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. If this account is used as an COLTAF Trust Account, then Interest (less applicable fees and service charges) will be sent to the Colorado Lawyer Trust Account Foundation. 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 $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations:
You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.

Time Account Information:
Your account will mature in 24 Months. 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.

36 Month
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 36 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. If this account is used as an COLTAF Trust Account, then Interest (less applicable fees and service charges) will be sent to the Colorado Lawyer Trust Account Foundation. 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 $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations:
You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.

Time Account Information:
Your account will mature in 36 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.