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| Savings |
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$100.00 |
$3.00 if balance falls below $100.00 |
$2.00 charge for each withdrawal over six per month. |
Yes (Minimum balance $10.00) |
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| First Premier Savings Account |
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$100.00 |
$19.50 if balance falls below $1,000.00 |
$2.00 charge for each withdrawal over six per month. |
Yes tiered(Minimum balance $5,000.00) |
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| Money Market |
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$2000.00 |
$10.00 if balance falls below $2000.00 |
$2.00 charge for each withdrawal over six per month |
Yes (tiered) |
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| 91 Day |
$500.00 |
One month interest forfeiture if not held to maturity. |
| 6 Month |
$500.00 |
One month interest forfeiture if not held to maturity. |
| 12 Month |
$500.00 |
One month interest forfeiture if not held to maturity. |
| 30 Month |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 36 Month |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 48 Month |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 60 Month |
$500.00 |
Three month interest forfeiture if not held to maturity. |
First State Bank’s Certificate of Deposit will let you choose the amount of money you wish to invest and for how long. Whether you are looking for a short term or long term investment we have a variety of rates and terms to fit your needs.
The minimum deposit to open a CD is $500.00. We have terms that range from 91 days thru 4 years. The interest is compounded daily and you may choose for your interest to be paid monthly, quarterly, semi-annually, annually, or at maturity depending on the term of the CD. You may choose for interest to be added back to the CD, deposited to a deposit account, or paid to you by check.
First State Bank has IRA’s available to help you reach your retirement goals.
| 3 Month variable |
No minimum deposit - additions permitted |
One month interest forfeiture if not held to maturity. |
| 6 Month Fixed |
$500.00 |
One month interest forfeiture if not held to maturity. |
| 12 Month Fixed |
$500.00 |
One month interest forfeiture if not held to maturity. |
| 18 Month Fixed |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 30 Month Fixed |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 36 Month Fixed |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 48 Month Fixed |
$500.00 |
Three month interest forfeiture if not held to maturity. |
| 60 Month Fixed |
$500.00 |
Three month interest forfeiture if not held to maturity. |
- The individual must be under the age of 70 ½.
- The individual must have earned compensation.
- Contributions are limited to $4000.00 for tax year 2007, or any amount up to 100 percent of your compensation, whichever is less.
- Age 50 and over may have additional catch-up contributions limited to $1000.00.
- You have until April 15, 2008 to open and fund a Traditional IRA for the 2007 tax year, contribution limit of $4000.00.
- Earnings on your contribution are tax deferred until you make withdrawals.
- Required minimum distributions occur when IRA owner reaches 70 1/2 .
- Contribution types include regular, spousal, rollovers, and transfers.
- Contributions may be tax deductible.
- Ability to deposit to your current IRA anytime during the lifetime of the IRA.
- Minimum amount per deposit must be $500.
- The Roth IRA contribution is never tax-deductible.
- Earnings are tax-free if held for 5 years and you have a qualified reason or taken after age 59 ½.
- Distributions taken before age 59 ½ can also be tax-free if taken for a qualified reason.
Reasons include:
- Death of owner
- Owner becoming disabled.
- Owner using the distribution for a first-time home purchase. The first-time home purpose has a lifetime maximum distribution of $10,000.00.
- Contributions can always be withdrawn tax-free and penalty-free at any time.
- You pay taxes and early withdrawal penalties on distributions in excess of original contributions.
- No minimum distributions are required at age 70 ½.
- Contributions can be continued past age 70 ½ provided you are still earning an income.
- Ability to deposit to your current IRA anytime during the lifetime of the IRA.
- Minimum amount per deposit must be $500.
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