There is a $1,000.00 minimum deposit required to open a Certificate of Deposit (CD). Interest is based on terms. Penalties may apply for early withdrawal.

Citizens State Bank has Certificates of Deposit available in the following time increments:

1 month
3 months
6 months
12 months (1 year)
24 months (2 years)
36 months (3 years)

Please stop by your nearest location or contact one of our friendly Customer Service Representatives for current interest rate information and calculation methods. Open your account today!

CDs have variable rates and these rates are subject to change at the discretion of Citizens State Bank. Interest accrues from the date of the original deposit. The annual percentage yield disclosed to you assumes interest remains on the deposit until maturity. Interest on all CDs is calculated on a 365-day basis. The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. You may not make additional deposits or withdrawals until the maturity date. The CD renews automatically.

If you close your CD before the maturity date, the following early withdrawal penalty will apply:

Up to 6 days ————— 7 days simple interest
7 days 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