Home Personal CDs & IRAs

Diversify Your Money for the Future

What life do you want to live in retirement? Will you have enough money to live the future you have dreamed about?

Individual retirement accounts and certificates of deposit are two great options to build your wealth and ensure that when the time comes, you have the financial means to live the life you want.

Numerous IRA Options

Just like any deposit account we offer, there are numerous retirement account options available to choose from. This ensures you get the right account for your specific needs.

Traditional IRA

A popular and flexible investment option, traditional IRAs allow you to make contributions tax-free. Distributions after age 70.5 are taxed. This type of IRA can hold nearly any type of investment.

Roth IRA

Roth IRAs are another popular retirement account. When it comes to tax benefits, Roth IRAs are opposite of traditional IRAs; contributions are non-deductible, while distributions are not taxed. This is a great option if you expect you will be in a higher tax bracket when you will need distributions.


Make Your Dreams
a Reality

This is an employer-sponsored retirement plan. The employer makes deductible contributions to each employee’s traditional IRA.

Coverdell Education Savings Account

The Coverdell Education Savings Account is a non-deductible account that features tax-free withdrawals for a child’s education expenses.

See our most current rates for our retirement account options.

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Certificates of Deposit

At Farmers Savings Bank we always try to give you the best service and a great rate. We offer short and long term CDs from 91 days to 5 years depending on your financial goals. Contact us today to find the best product to fit your needs.

You can also check the possible future value of today’s investment using our Future Value Calculator on this page.