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.

Account Features:

  • $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)
  • Your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank, for each account ownership category. To learn more about the FDIC, visit them online at: www.fdic.gov.

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.

Account Features:

  • $500 minimum balance to open
  • Variable rate adjusted quarterly
  • 18 month term, compounded semiannually

Traditional IRA

Account Features:

  • Contributions may be tax-deductible*
  • Tax-deferred growth of earnings
  • Maximum annual contributions of $5,500. This amount is subject to cost of living adjustments.
  • Additional “Catch Up” Contributions of $1,000 for individuals 50 and older
  • No contributions after age 70 1/2
  • Distributions must begin at age 70 1/2

Roth IRA

Account Features:

  • Non-deductible, after-tax contributions
  • Tax-free earnings and distributions *
  • Maximum annual contributions of $5,500. This amount is subject to cost of living adjustments.
  • Additional “Catch Up” Contributions of $1,000 for individuals 50 and older
  • Contributions permitted after age 70 1/2
  • Distributions NOT required after age 70 1/2

Coverdell Education Savings Account

Account Features:

  • Can be set up by anyone for any child under the age of 18
  • Non-deductible, after-tax contributions
  • Tax-free earnings when distributions are for qualified educational expenses*
  • Maximum annual contribution of up to $2,000

* Consult your tax advisor regarding potential tax savings.