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
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Christmas Club |
Cool Cat Club | Statement Savings | |
| For Kids age 0 to 13. | Regular Savings Account | ||
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Earns Interest |
Yes | Yes | Yes |
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Minimum to Open |
$1 | $1 | $50 |
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Minimum Balance |
No | No | $50 |
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Check Writing |
No | No | No |
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ATM Access |
No | No | Yes, when linked with a City State Bank Checking account. |
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Monthly Fees |
No | No | $2 balance fee if average daily balance falls below $50. |
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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.* |
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Additional Benefits |
Free online banking Free telephone banking Option of electronic statement delivery. |
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* 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.
For Savings Bonds information see the "Other Services" section on the Services page.
Money Market Accounts
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Advantage |
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Money Market Account For Larger Balances |
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Earns Interest |
Yes |
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Minimum to Open |
$1000 |
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Minimum Balance |
$1000 |
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Check Writing |
Yes |
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ATM Access |
Yes |
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Monthly Fees |
$5 balance fee If average daily balance falls below $1000. |
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Account Features |
Interest paid monthly on all balances. Unlimited deposits |
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Additional Benefits |
Five-tiered interest rates. |
* 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 RatesCertificate 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 |
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.
