CERTIFICATE OF DEPOSITS

Community State Bank offers competitive Rates and a wide variety of Certificates of Deposit (CDs) including Time, Step Up, and Advantage.

A withdrawal penalty applies to all Certificate of Deposits (CDs) redeemed before maturity.

Time Certificates

Time CD's are a great way to save for retirement, a new car, or even a new home. Best of all you are locked into a great rate for the entire term. These CDs are available in any term from 30 days to 48 months, the length of the term determines the rate. A minimum balance of $1,000 is required to open. Other features include:

• Same interest rate guaranteed until the certificate matures.
• Withdraw or make additional deposits after maturity and within ten-day grace period.
• Automatically renews ten days after maturity.

Advantage Certificate of Deposit

The Advantage Certificate is perfect for the investor who wants to invest funds for a short term, but still earn a better interest rate than a savings account.

The minimum deposit to open is $500, and additional deposits may be made in increments of $25 or more.  This CD is automatically renewable.

The most popular feature with many of our customers is that  ½ of the balance may be withdrawn without a penalty one time in each 6-month term.  

The Advantage CD is a terrific way to save for taxes, a higher education, or even a term certificate of deposit and pays a higher Rate than a passbook or statement savings accounts.