Personal Savings, Money Market, CDs & IRAsFederal Deposit Insurance Corporation

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
For Kids age 0 to 13.  Regular Savings Account

Earns Interest

Yes Yes Yes

Minimum to Open

$1 $1 $50

Minimum Balance

No No $50

Check Writing

No No No

ATM Access

No No Yes, when linked with a City State Bank Checking account.

Monthly Fees

No No $2 balance fee if average daily balance falls below $50.

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.

Unlimited deposits

Withdrawals prior to November 1st subject the account to possible closure.

Interest paid monthly on all balances.

Monthly statement

All accounts are custodian accounts under IAUTMA.

Unlimited deposits

Limited withdrawals on account each month.*
Interest paid monthly on all balances.

Monthly statement

Unlimited deposits

Limited withdrawals on account each month.*

Additional Benefits

Free online banking
Free telephone banking

Option of electronic statement delivery.

* Limit of six transfers or withdrawals per month by preauthorized, automatic, NetTeller online access, telephone, check, draft, ATM/Debit card, or similar order to third parties.

See Deposit Rates

For Savings Bonds information see the "Other Services" section on the Services page.

Money Market Accounts

Advantage
Money Market

Money Market Account For Larger Balances

Earns Interest

Yes

Minimum to Open

$1000

Minimum Balance

$1000

Check Writing

Yes

ATM Access

Yes

Monthly Fees

$5 balance fee If average daily balance falls below $1000.

Account Features

Interest paid monthly on all balances.

Monthly statement with no check images.

Unlimited deposits

Limited withdrawals on account each month.*

Additional Benefits

Five-tiered interest rates.

Free online banking
Online check images
Free telephone banking

Option of electronic statement delivery.

* Limit of six transfers or withdrawals per month by preauthorized, automatic, NetTeller online access, telephone, check, draft, ATM/Debit card, or similar order to third parties.

See Deposit Rates

Certificate of Deposit

Minimum balance to open is $500. Variety of term lengths. Penalty for early withdrawals before maturity.

See Deposit Rates

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

See Deposit Rates

For additional information regarding City State Bank personal savings accounts, contact us today!

Central City Location

Angie Van Pelt, Branch Manager, Phone (319) 438-6621, E-Mail

Marion Location
 
Katie Coleman, Assistant Branch Manager, Phone (319) 373-4100, E-Mail

City State Bank's primary trade area is Linn County, Iowa and its contiguous counties: Johnson, Cedar, Jones, Delaware, Buchanan, Benton and Iowa Counties.Federal Deposit Insurance Corporation