CD's and IRA's



Certificates of Deposit

Certificates of Deposit

Invest your funds in a South Story Bank & Trust Certificate of Deposit and earn a guaranteed return. Maximize the earning power of your savings with this FDIC insured and virtually risk free investment. From short-term to long-term, Certificates of Deposit (CDs) are smart options to help maximize your return.

We offer:

  • Highly competitive rates
  • Length of term ranges from thirty days to six years
  • Minimum deposit of $500
  • Automatically renewable

Contact us to learn more about setting up your own CD, or stop by one of our convenient locations to talk with a banker.

IRA Accounts

Individual Retirement Account

An Individual Retirement Account (IRA) is a great way to save for your future. Choose the IRA that best fits your personal needs.

Traditional IRA

A Traditional IRA is a special tax-deferred savings account authorized by the Internal Revenue Service. It is a unique and simple way to encourage people to save money for their retirement. This account allows you to defer taxes on the earnings of your contributions until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which they are made.

  • You select the term of the IRA
  • No fees to maintain your account
  • No fees for transfers or rollovers at maturity

Consult a Professional Tax Advisor

Roth IRA

Unlike the Traditional IRA, contributions made to a Roth IRA cannot be deducted for income tax purposes. However, the growth achieved through investment returns and the subsequent qualified distributions are tax-free. If you expect to be in a higher tax bracket when you retire, you may benefit more from the Roth IRA than from a Traditional IRA.

  • You select the term of the IRA
  • No fees to maintain your account
  • No fees for transfers or rollovers at maturity

Consult a Professional Tax Advisor