Certificate of Deposits and Individual Retirement Accounts
The Great Plains State Bank offers savings options that may have a higher interest rate and can be used as a retirement savings account option.
Certificate of Deposit (CD)
With a Great Plains State Bank certificate of deposit (CD), you can deposit as little as $500 and let your money grow. With CD terms from 3 months to 5 years, you’re sure to find one that’s right for your investment goals.
- Opening balance of $500
- Wide range of terms available
- Interest compounded quarterly
- Automatic CD renewal
- Option to withdraw funds at maturity
Individual Retirement Account
Start savings now for retirement with a Great Plains State Bank Individual Retirement Account – IRA. When investing in an IRA, contributions may be tax-deferred. Consult your tax advisor to see if a Traditional or Roth IRA is right for you.
- Interest will be compounded and credited to your account quarterly
- $25 Service fee for will be charged for transfer of an IRA
Traditional Individual Retirement Account – IRA
Traditional IRA contributions are tax-deferred and typically tax-deductible in the year the contribution is made.
Roth Individual Retirement Account – IRA
Opening a Roth IRA allows tax free earnings and distributions.
Consult your tax advisor regarding the tax benefits of an IRA product.