CDs & IRAs
Maximize your savings with flexible terms and an assured return.
Certificates of Deposit (CDs)
- Terms ranging from 6 months to 5 years
- Minimum opening deposit of $500
- Earn interest your way: add to the value of the certificate, or auto-transfer to another KSB deposit account
- Free statements, sent annually
- Automatic renewal
Individual Retirement Accounts* (IRAs)
Set yourself up to enjoy retirement with tax-sheltered CDs or savings.
IRA CDs
- Terms ranging from 1 year to 5 years
- Minimum opening deposit of $500
- Available as traditional or Roth IRA
- Same rates as traditional CDs
Premier IRA Savings
- Minimum opening deposit of $10
- Make deposits and withdrawals without concern for maturity dates or grace period days
- Excellent for automatic transfers into an IRA (for automated retirement saving)
- Complements IRA CDs; use IRA Savings to hold money until a CD matures, then add to IRA CD
* Consult your tax advisor about your eligibility in the tax deductibility of contributions, distributions, and earnings.
* Tax-deductible up to a maximum of $5,500 per eligible depositor (or $6,500 for depositors 50 years of age or older).
* There is a penalty for withdrawing funds prior to the certificate’s maturity, as well as IRS penalties for IRA withdrawals before age 59 ½; certain exemptions allowed.
