Save with Stability. Plan with Purpose.
CDs and IRAs offer reliable ways to grow your savings and build a stronger financial future. Whether you're planning for short-term goals or long-term retirement, these accounts provide predictable growth, competitive rates, and the confidence of banking with a trusted local institution.
At State Bank of Herscher, we offer a variety of CD and IRA options designed to match your timeline, goals, and savings style. Explore the options below to find the right fit for your financial future.
Grow Your Savings with Confidence
A Certificate of Deposit (CD)* from State Bank of Herscher offers a simple, dependable way to grow your savings. With competitive fixed rates and guaranteed returns, you’ll know exactly what to expect at maturity while choosing a term that fits your goals—from short-term plans to long-term growth. Our team is here to help you find the right option to match your timeline and financial goals.
Features include:
- Competitive fixed interest rates
- Flexible term lengths
- Minimum opening deposit of $5,000
- Guaranteed returns when held to maturity
For current rates and available terms, contact your local banker.
Plan for the Future With an IRA That Fits Your Goals
An Individual Retirement Account (IRA) at State Bank of Herscher provides a dependable way to build long-term savings while taking advantage of valuable tax benefits. Whether you’re looking for tax-deferred growth or tax-free earnings, we offer a range of IRA options to fit your goals, timeline, and retirement strategy. Explore the options below to find the account that best supports your financial future.
| Account Type | Who This Account Is For | What You Need to Know About This Account |
|---|---|---|
| Traditional IRA | Individuals looking for tax-deferred growth | Contributions may be tax-deductible; earnings grow tax-deferred until withdrawal; penalties for early withdrawal. |
| Roth IRA | Individuals seeking tax-free growth | Contributions are made with after-tax dollars; earnings grow tax-free; qualified withdrawals are tax-free. |
| SEP Account | Self-employed individuals, small business owners, and their employees | Allows higher contribution limits than traditional IRAs; contributions are tax-deductible. |
| Simple IRA | Small businesses and their employees | Employer and employee contributions; lower contribution limits than SEP IRAs; tax-deferred growth. |
| CESA Plans | Parents saving for their child's education | Contributions grow tax-free; withdrawals for qualified education expenses are tax-free. |
*CDs and IRAs are FDIC insured up to the applicable limits. Early withdrawal penalties may apply.
State Bank of Herscher does accept Rollover IRA deposits and direct transfers. Rollovers involve moving eligible assets from an employer-sponsored plan, such as a 401(k) or 403(b), into an IRA. Please contact your local banker today or give us a call at 815-209-0610.