There is a $25.00 minimum deposit required to open an Individual Retirement Certificate of Deposit. Penalties may apply for early withdrawal.

Citizens State Bank offers Traditional, Roth, SEP and Educational IRAs in order to accommodate your individual needs.

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!

The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day. The annual percentage yield disclosed to you assumes interest remains on the deposit until maturity. You may make additional deposits to your IRAs and may make withdrawals to your IRA (where individual is age 59 ½ and older) until the maturity date. The IRA renews automatically.

The fee for premature IRA closure/transfer is $35.00 each.
If you close your IRA 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