Personal Savings, Money Market, CDs & IRAs
Whether it be a savings account, money market account, certificate of deposit or individual retirement account, City State Bank can help you find the right savings solution to meet your goals.
Savings Accounts
| Christmas Club | Cool Cat Club | Statement Savings | Savings Plus | |
| For Kids age 0 to 13. | Regular Savings Account | Links only to Free Checking Plus or Student Checking Accounts | ||
| Earns Interest | Yes | Yes | Yes | Yes |
| Minimum to Open | $1 | $1 | $50 | No |
| Minimum Balance | No | No | $50 | No |
| Check Writing | No | No | No | No |
| ATM Access | No | No | Yes, when linked through Checking account. | Yes, when linked through Checking account. |
| Monthly Fees | No | No | $2 balance fee if average daily balance falls below $50. | No |
| Account Features |
Interest paid monthly on all balances. Monthly statement Balance of account deposited into the City State Bank account of your choice on November 1st. Withdrawals prior to Novemter 1st subject the account to possible closure. |
Interest paid monthly on all balances. Monthly statement All accounts are custodian accounts under IAUTMA. |
Interest paid monthly on all balances. Monthly statement |
Interest paid monthly on all balances. Electronic delivery of monthly statement. Requires a Free Checking Plus or Student Checking Account. |
| Additional Benefits | Free internet banking Free telephone banking Option of electronic statement delivery. |
Free internet
banking Free telephone banking Option of electronic statement delivery. |
Free internet
banking Free telephone banking Option of electronic statement delivery. |
Free internet banking Free telephone banking 5-tiered interest rates |
For Savings Bonds information see the "Other Services" section on the Services page.
Money Market Accounts
| Basic Money Market |
Advantage Money Market |
Advantage Plus Money Market | |
| A Basic Money Market Starter | Money Market Account For Larger Balances | High-Yield Money Market For Higher Balances | |
| Earns Interest | Yes | Yes | Yes |
| Minimum to Open | $1,000 | $10,000 | $25,000 |
| Minimum Balance | $1,000 | $10,000 | $25,000 |
| Check Writing | Yes | Yes | Yes |
| ATM Access | Yes | Yes | Yes |
| Monthly Fees | $5 balance fee if average daily balance falls below $1,000. | $5 balance fee If average daily balance falls below $10,000. | $10 balance fee if average daily balance falls below $25,000. |
| Account Features |
Interest paid monthly on average daily balances over $1,000. Monthly statement with no check images. If you close or reclassify the account before interest is paid, you will not receive the accrued interest. |
Interest paid monthly on all balances. Monthly statement with no check images. If you close or reclassify the account before interest is paid, you will not receive the accrued interest. |
Interest paid monthly on average daily balances over $25,000. Monthly statement with no check images. If you close or reclassify the account before interest is paid, you will not receive the accrued interest. |
| Additional Benefits |
2-tiered interest rates. Free internet banking Online Check images Free telephone banking Option of electronic statement delivery. |
4-tiered interest rates. Free internet banking Online check images Free telephone banking Option of electronic statement delivery. |
2-tiered interest rates. Free internet banking Online check images Free telephone banking Option of electronic statement delivery. |
Certificate of Deposit
Minimum balance to open is $500. Variety of term lengths. Penalty for early withdrawals before maturity.
Individual Retirement Account
All IRA types are available for Roth, Traditional or Coverdell IRAs. IRAs have great tax advantages for those who qualify.
| FLEX IRA | Fixed Rate IRA | |
| Description | An 18 month Term IRA with a variable interest rate feature. A FLEX IRA gives you the ability to make deposits. You can also take age 59 1/2 distributions and age 70 1/2 Required Minimum Distribution (RMD) without penalty. | A Term IRA with a set interest rate for a specific length of time. Terms are the same as any of our offered CD terms. |
| Minimum Deposit | $100 | $1,000 |
| Interest Rate Change Frequency | Variable, may change monthly. | Set rate for term. |
| Additions Allowed? | Yes, in $25 increments. | No |
| Penalty for Early Withdrawal | Yes, 6 mos. interest if under age 59 1/2. No penalty if over age 59 1/2. | Yes, 6 mos. interest penalty |
| Transfer or Rollover Withdrawal | $50 fee | $50 fee |
