IRA & CD Rates

Certificates of Deposit and IRA Accounts

Clarkston State Bank offers many different CD options at competitive market rates. They are an excellent investment option if you are able to set aside funds for a specific period of time.And, CSB has a term and Certificate of Deposit to meet the needs of every customer. Certificates of Deposit offer higher interest rates than most savings accounts with a fixed rate of return for the term of the investment.

Individual Retirement Accounts (IRA) can be invested in any CD term. We offer both Traditional or Roth IRA accounts. Contribution limits may apply, please consult with a tax professional for guidance regarding contributions and distributions to your IRA account.


CD Rate Specials

Term Minimum Interest Rate APY
12 Month CD $500.00 & above 1.50% 1.51%
Plus .25 Variable Rate CD $500.00 & above 2.25% 2.27%
18 Month Stepped Rate CD $500.00 & above
     – First 9 Months 2.00% 2.02%
     – Second 9 Months 2.50% 2.52%

Minimum opening deposit $500, new money only (existing customers must bring in new money). $500 minimum balance is required to earn the APY. Additional deposits cannot be made to the CD during the term of the CD. Interest is compounded, paid quarterly and added to the certificate of deposit. Penalty will be incurred for early withdrawal.
18 Month Stepped Rate Certificate of Deposit – the interest rate is fixed for the first 9 months at 2.00%, 2.02% APY and the interest rate is fixed for the second 9 months at 2.50%, 2.52% APY. To earn the stated Annual Percentage Yield (APY) you need to keep the principal and interest in the account for the full 18 months. At the end of the term the certificate of deposit will automatically renew for an 18 month term at the 18 month interest rate in effect at time of renewal.
Plus .25 Variable Rate Certificate of Deposit – the interest rate is variable during the 12 months. Interest rate is calculated using the current Fed Funds Rate plus 25 basis points. The rate will change anytime the Fed Funds Rate changes. To earn the stated Annual Percentage Yield (APY) you need to keep the principal and interest in the account for the full 12 months. At the end of the term the certificate of deposit will automatically renew for a 12 month term at the 12 month interest rate in effect at time of renewal for similar deposits.
12 Month Certificate of Deposit – the interest rate is fixed for 12 months at 1.50%, 1.51% APY. To earn the stated Annual Percentage Yield (APY) you need to keep the principal and interest in the account for the full 12 months. At the end of the term the certificate of deposit will automatically renew for a 12 month term at the 12 month interest rate in effect at time of renewal.


Current Rates and Terms

Term Minimum Interest Rate APY
1 – 5 Months $500.00 & above 0.05% 0.05%
6 – 11 Months $500.00 & above 0.15% 0.15%
12 – 17 Months $500.00 & above 0.35% 0.35%
18 – 23 months $500.00 & above 0.40% 0.40%
2 Year
(24-35 months)
$500.00 & above 0.50% 0.50%
3 Year
(36-47 months)
$500.00 & above 0.75% 0.75%
4 Year
(48-59 months)
$500.00 & above 0.85% 0.85%
5 Year
(60 months)
$500.00 & above 1.00% 1.00%

Early Withdrawal Penalties


Term Penalty
1 – 5 Months 1 Month Interest
6 – 11 Months 3 Months Interest
12 – 60 Months 6 Months Interest

APY = Annual Percentage Yield
The interest rate stated is variable and may change after account opening.
The minimum balance required to earn the APY = $500.00
CD Specials are offered for a limited time only and the bank reserves the right to withdraw this offer at any time.
Rates and balance tiers for checking, savings, CDs and IRA CDs are applicable as of the effective date and may be subject to change at Clarkston State Bank’s discretion.