- Interest bearing – interest rates based on term/maturity of certificate (term/maturity can vary from 30 days to 60 months).
- Choice of interest payment plans (call bank for details).
- Withdrawals prior to maturity are subject to penalty (call bank for details).
- FDIC insured.
- Minimum opening deposit required is $1,000.00.
- Traditional IRA
- Roth IRA
- SEP IRA
- Coverdell Education Savings Account (formerly known as “Educational IRA”)
Because each individual investor’s financial situation and retirement plan differs, it is recommended that you seek counsel from your financial advisor or accountant to determine which product is most appropriate for your circumstance. Shelby State Bank’s trained banking staff, as well as SSB Financial Services investment executive, James Stovall, will be happy to work with you to help you reach your retirement goals.
*Note: Please take advantage of our easy to use financial calculators for your savings & interest calculations.
For the latest information on FDIC deposit insurance coverage or to estimate your current FDIC deposit insurance coverage, please visit the FDIC (Federal Deposit Insurance Corporation) website at: www.fdic.gov/edie
Rev. 04/02/09