CD & IRA

Certificates of Deposit and Individual Retirement Accounts are two popular ways to invest your hard-earned money. Both are FDIC insured.

Certificates of Deposit

A CD is an investment for a specific term with a guaranteed yield. You select the flexible term that works best for you and watch your money grow. You are provided a 10-day grace period to change your CD or to withdraw your money following the maturity date. After the grace period, it renews automatically.

  • $500 minimum balance to open
  • Terms ranging from 90 days to 5 years
  • Interest can be paid to the certificate of deposit account, deposited to a Crawford County Trust and Savings Bank checking or savings account, or an interest check can be mailed directly to you
  • 3, 4, and 5 year certificates have "Change-A- Rate feature" (allows interest rate to be changed one time during the term at customers discretion)
  • Every depositor is insured up to $100,000 for total deposits at Crawford County Trust and Savings Bank by the Federal Deposit Insurance Corporation (FDIC). Ask your personal banker on how you may qualify for additional FDIC coverage.

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Individual Retirement Accounts (IRAs)

With a Crawford County Trust and Savings Bank Individual Retirement Account, invest your funds for the future with our Traditional and Roth IRAs or Coverdell Education Savings Account.

  • $25 minimum balance to open
  • May add to at any time
  • Variable rate adjusted quarterly
  • 18 month term, compounded semiannually
  • Additional, non-FDIC insured investment options available through First Retirement Plan

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Traditional IRA

  • Contributions may be tax-deductible*
  • Tax-deferred growth of earnings
  • Maximum annual contributions for 2005-2007 of up to $4,000 or 100% of compensation, whichever is less
  • Maximum annual contributions increase to $5,000 for 2008 with cost of living increases thereafter
  • Additional “Catch Up” Contributions for individuals 50 and older are allowed up to $500 for 2005 and $1,000 thereafter
  • No contributions after age 70 1/2
  • Distributions must begin at age 70 1/2

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Roth IRA

  • Non-deductible, after-tax contributions
  • Tax-free earnings and distributions *
  • Maximum annual contributions for 2005-2007 of up to $4,000 or 100% of compensation, whichever is less
  • Maximum annual contributions increase to $5,000 for 2008 with cost of living increases thereafter
  • Additional “Catch Up” Contributions for individuals 50 and older are allowed up to $500 for 2005 and $1,000 thereafter
  • Contributions permitted after age 70 1/2
  • Distributions NOT required after age 70 1/2

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Coverdell Education Savings Account

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