Certificate of Deposit (CD) and Individual Retirement Account (IRA)

Certificate of Deposit

At Iowa State Bank, we know that planning for the future is important to you. We offer competitive rates with flexible terms to protect your investment. CDs are FDIC insured and will give you a guaranteed return without risking your investment.

  • $1000 minimum opening deposit.
  • Available terms from 3 months to 5 years.
  • Interest is compounded annually or at maturity.
  • Interest can be paid out monthly or quarterly by check or deposited into an account.
  • Substantial penalty for early withdrawal.

Individual Retirement Account (IRA)

Iowa State Bank offers two IRA products for customers who are looking to set money aside for retirement. Our experienced bankers are available to help you decide which product would work the best for you.

Traditional IRA CD Roth IRA CD
$500 minimum $500 minimum
FDIC Insured FDIC Insured
Tax deductible contributions* Tax free qualified withdrawals*
Tax deferred growth Tax free growth
No income limits for contributions* Contributions have tiered limits based on income
Early distribution penalties under age 59 1/2 Qualified distributions are penalty free
Required minimum distribution at age 70 1/2 No required minimum distribution

*Conditions may need to be met for tax incentives.