Statement Savings

• Pays a competitive rate of interest on all balances.
• May be accessed via ATM.
• Interest compounded and statement received quarterly. Statement received monthly if funds are accessed by ATM or if automatic transactions have occurred.

Individual Retirement Account

• We offer a variable rate IRA at Citizens Deposit Bank & Trust.
• The competitive interest rate changes quarterly, and interest is compounded annually.
• Earnings are deferred for tax purposes and contributions may be tax deductible (see your accountant for advice).

Christmas Club

• Ideally, deposits are made to the account on a weekly or other regular basis. Early in the Christmas season, a check for the balance will be issued to the account holder.
• Many customers also use this type of account for the payment of other year-end bills such as taxes.

return to top