Steady Growth for Your Future
Our Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) offer steady, dependable ways to grow your savings. With a variety of terms and options available, it’s easy to find the plan that supports your financial goals.
Certificates of Deposit (CDs)
Our CDs provide a secure way to earn competitive interest while keeping your savings plan on track. Choose from a range of term lengths designed to fit your timeline—whether you’re saving for something soon or planning for the years ahead.
For current rates and available terms, reach out to your local State Bank banker.
All Certificates are subject to early withdrawal penalties.
IRAs at State Bank
An Individual Retirement Account (IRA) is a smart way to invest in your future while enjoying valuable tax advantages. Both Traditional and Roth IRAs offer distinct benefits, giving you flexible options to build long-term financial security and prepare for the retirement you envision.
| Account | Account Details |
|---|---|
Traditional IRA | You make contributions with money you may be able to deduct on your tax return and any earnings can potentially grow tax-deferred until you withdraw them in retirement. Many retirees also find themselves in a lower tax bracket than they were in pre-retirement, so the tax-deferral means the money may be taxed at a lower rate. |
Roth IRA | You make contributions with money you’ve already paid taxes on (after-tax) and your money may potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met. |
State Bank does accept Rollover IRA deposits and direct transfers. A Rollover IRA is a Traditional IRA intended for money "rolled over" from a qualified retirement plan. Rollovers involve moving eligible assets from an employer-sponsored plan, such as a 401(k) or 403(b), into an IRA. Please contact our IRA specialist today at (815) 297-0900.