Skip to Content

CDs & IRAs


Start Saving Smarter

Whether you’d like to grow your savings faster with a better interest rate or you want to start saving for retirement, First State can provide you with the right solutions.

A certificate of deposit (CD) or Individual Retirement Account (IRA) can help you start saving smarter so you can live the way you want in the future.

washing car


Available in terms from 1 month to 5 years, CDs offer a better interest rate for your money compared to traditional savings accounts. Here’s what you need to know about CDs at First State:

  • Earn a fixed interest rate on savings for designated term
  • Minimum opening balance requirements of $500, $5,000 or $50,000, depending on term of deposit
  • No monthly service charges
  • Accessible in online banking
  • Protected by FDIC insurance up to $250,000 per individual
  • Withdrawal of funds prior to maturity may be subject to penalty
See Our Current Specials


family gardening


Please consult your tax advisor with any tax-related questions or before choosing an IRA account.

  • Traditional IRA: Contributions are tax-deductible. After retirement, withdrawals from the account are taxed by the IRS as income.
  • Roth IRA: Contributions are not tax-deductible, but once you retire withdrawals are not subject to income tax.
  • Simple IRA: For small businesses or self-employed individuals, employees can make contributions and employers are required to make contributions. All contributions are tax-deductible.
  • Single Employee Pension (SEP) IRA: Only employers can make contributions, which can be deducted from reported business income to potentially lower your business’s tax rate. Employee withdrawals from the account are taxed as income by the IRS.
ProductCertificates of DepositIRA Accounts
DescriptionEarn a fixed interest rate on your savings with a designated term

Saving for retirement? We offer Traditional, Simple, Roth, and SEP IRAS

Minimum Opening Deposit



Monthly Service Charge



Interest Bearing



Transaction Restrictions

Withdrawals prior to maturity may be subject to penalty.

Withdrawals prior to maturity may be subject to penalty.

Online Banking




Open your CD and IRA Today

Stop in at any location to learn more about either of these accounts and open one today.

CD & IRA Rates

All rates are effective as of September 26, 2023.

Variable Rate IRA**

Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
No minimum balance requirement0.75%




CD Rates

CD TermInterest RateAPY*Interest RateAPY*Interest RateAPY*
 Minimum $500$5,000 & Above$50,000 & Above
1 Month-


2 Months----0.05%0.05%
3 Months0.05%0.05%0.50%0.50%--
6 Months0.05%0.05%0.80%0.80%--
12 Months0.05%0.05%1.15%1.15%--
18 months0.05%0.05%1.19%1.20%--
24 Month0.10%0.10%1.24%1.25%--
30 Months0.10%0.10%1.29%1.30%--
36 Months0.10%0.10%3.21%3.25%--
48 Months0.25%0.25%2.48%2.50%--
60 Months0.25%0.25%2.48%2.50%--


*APY = Annual Percentage Yield

**A penalty will or may be imposed for early withdrawal.