Individual Retirement Accounts

First State Bank’s individual retirement accounts are FDIC insured and can be opened as a savings styled or CD styled account. The savings styled account can be opened with as little as $100 and the CD styled account can be opened with as little as $500. The interest compounds on a tax-deferred basis (consult your tax advisor). There is a fee of $25 per transfer to transfer funds out of the bank. We offer highly competitive rates and terms for our IRAs, so contact us today to open your IRA at First State Bank!