This CD account requires a minimum of $5,000 and normally earns higher interest than our Money Market account. It’s a popular short term investment and an excellent way to hold savings for emergencies or unexpected investment opportunities.

LONGER TERM CERTIFICATES OF DEPOSIT

These CD accounts require a minimum investment of $500, are available in a variety of maturities, and normally earn higher interest than our 182 day certificate. Interest is compounded or paid quarterly, or can be paid monthly to any CSB statement account. Certificate accounts of this length are often chosen to accumulate funds for retirement savings, education, real estate or other investments, and other financial goals.

Chelsea State Bank offers a variety of insured, fixed rate IRAs including traditional, Roth, Educational, and SEP IRAs. When you invest in an IRA from CSB, you will be assured of earning competitive interest rates while providing for a secure future.

The interest earned on IRA* contributions is fully tax deferred until you make withdrawals from the account. Because the earnings are tax sheltered, your savings grow at a faster rate than if the amount were subject to tax. There are substantial interest and tax penalties for early withdrawals from IRAs.

*Many rules apply to all IRAs. CSB’s IRA specialist can help you decide which IRA is best for you.