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Killbuck Savings Bank Co.
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CD's & IRA's
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Certificates of Deposit

A Certificate of Deposit is a safe, high yield investment that gives you the opportunity to earn a higher rate of interest on your savings. There are various terms that allow you to select the best option for your individual needs. You may choose to have your interest reinvested or paid directly to you.

  • Minimum deposit of $500.00 to open.
  • Lock in high rates of interest for a period up to 5 years.
  • You may choose to have your interest reinvested or paid directly to you.
  • Substantial penalty for early withdrawal.
    • 1 month interest on accounts with original maturity of 1 year or less.
    • 3 months interest on accounts with original maturity of more than 1 year.

For CD interest rates click here
For Jumbo CD (CD's over $100,000.00) interest rates click here
For specials on CD's click here.
A Money Market Account may be more suitable for your needs click here for more information or here for interest rates.

Individual Retirement Accounts (IRA's)

Live your dreams - invest for your retirement at The Killbuck Savings Bank. Let us help, we have a full range of IRA's that can make saving for retirement easier. If you qualify, you may be able to deduct your contributions for federal income tax purposes. Consult your tax advisor for more information about income tax deductions.

  • $500.00 minimum required balance to open most of our IRA's; other limits may apply to special IRA rates.
  • $25.00 minimum balance would open an 18 month variable IRA.
  • Substantial penalty for early withdrawal.
    • 1 month interest on accounts with original maturity of 1 year or less.
    • 3 months interest on accounts with original maturity of more than 1 year.
  • IRA Savings Passbook requires a $10.00 minimum balance and interest is compounded quarterly.

For information on IRA interest rates click here.

 
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