Stacks of coins with plants on them

CDs & IRAs

The Citizens Bank offers a variety of secure Certificates of Deposit accounts to fit your individual needs. Certificates of Deposit are offered in terms from 3 months to 5 years. Our CDs earn competitive interest rates and are FDIC insured. Contact The Citizens Bank for current rate information.

 
 

Certificates of Deposits (CDs)

  • Flexible terms from 91 days to 60 month
  • Guaranteed interest rate for the term
  • Interest earned can be transferred to an account of your choice
  • Automatic renewal at maturity
  • $500.00 to $2,500.00 minimum deposit depending on term
  • Penalty for early withdrawal
  • Contact us for the current rate

Dollars for A’s

We want to encourage our young students to maintain high academic achievement and also plan for the future.

Our dollars for A’s program

  • For students through grade 12
  • 12 months Certificate of Deposit
  • Guaranteed interest rate for the term
  • Interest compounded
  • Automatic renewal at maturity
  • $50.00 minimum deposit
  • May deposit any amount at any time
  • Present report card within 10 days and receive $1.00 for each academic A

Individual Retirement Accounts (IRAs)

  • Retirement account
  • Connected to any of our Certificate of Deposit accounts
  • Terms, rates and conditions of Certificate of Deposits apply except CD specials.

 

Traditional IRA

If you qualify, you may contribute up to 100% of your earned income or $6,000.00 whichever is less. If you over 50 years of age you may contribute up to $7,000.00 All earnings may be tax deferred until you make withdrawals.

 

Roth IRA

If you qualify you may contribute up to 100% of your earned income or $6,000 whichever is less. If you are over 50 years of age, you may contribute up to $7,000. In order for earnings to be tax free, you must first meet a five-year holding period. After that, any earnings you withdraw for a qualified distribution reason are income tax free and penalty tax free.