Personal Savings and Investment Accounts
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First State Bank personal savings accounts can help you achieve more of your financial goals. See our diverse options below and learn more about how our community bank can help you by visiting our savings tips page!
Discover the Right Account for You
Regular Savings1
Our savings account is the easy way to save and have your money work for you confidently!
Next Generation Savings
Begin your child’s saving journey with this simple starter account.
Certificate of Deposit (CD)
Want to invest in a secure deposit account? First State Bank offers competitive rates on a variety of CD terms from 3 months to 2 years.5
- $1,000 minimum to open most CDs. CD specials may require a higher balance.
- Withdraw funds or make changes without penalty within ten calendar days after the maturity of the CD6
- Flexible interest payments are available
Individual Retirement Accounts (IRA)
Invest in your future with a tax efficient FDIC-insured Roth or Traditional IRA in the form of a retirement savings account or certificates of deposit.
Traditional IRA Plan
- Maximize your earnings
- Make pre-tax contributions that may reduce your taxable income for a year7
- Pay taxes on withdrawals at retirement
- Penalty-free withdrawals start at age 59 ½
Roth IRA Plan
- Pay taxes upfront on your pre-tax contributions7
- Receive tax-free withdrawals at retirement
- Penalty-free withdrawals start at age 59 ½, at least five years after the first contribution
- Distributing contributions with no tax consequences
- Distributions are not required
Learn just how much interest you can save.
1 Service charge based on lowest monthly balance.
2 Interest rate and Annual Percentage Yield (APY) may change at any time, at our discretion. Service charges may reduce earnings. Interest is calculated using the daily balance method and begins to accrue no later than the business day credit is received for deposit of non-cash items.
3 The paper statement charge is $2 per month. For free paperless statements (e-statements), you must activate Digital Banking and sign up for e-statements.
4 $1 charge per each additional withdrawal.
5 The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Minimum deposits and balances are required to earn APY and is subject to change at any time. A penalty may be imposed for early withdrawal. CD term options available online may vary. Contact our Customer Care team at 636-940-5555 more information.
6 Interest does not accrue in that time frame if not rolled over.
7 Dependent on the taxpayer’s income, tax-filing status, and coverage by an employer-sponsored retirement plan. Consult a tax advisor for more information.
8 If your balance falls below $250 on any day of the month, your account will be subject to a $5 Service Charge for that month.