CDs and IRAs

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.