CD & IRA Account Information

Certificates of Deposit & Individual Retirement Accounts

Whether your looking for a short term or long term investment a Certificate of Deposit from Citizens State Bank is right for you. CDs and IRAs are available at different rates and maturities. Please contact us for additional details when needed. In person, by phone or at A penalty will or may be imposed for early withdrawal on this type of account. Current rates are listed below.

Term Minimum Balance to Obtain APY Interest Rate* APY**
  $24,999.99 and below    
3 Month   0.50% 0.50%
6 Month   0.65% 0.65%
12 Month   2.00% 2.02%
18 Month   1.04% 1.04%
24 Month   2.18% 2.20%
36 Month   1.29% 1.30%
48 Month   1.39% 1.40%
60 Month   1.59% 1.60%
MyCash CD   2.50%  2.50% 
Term Minimum Balance to Obtain APY Interest Rate* APY**
  $25,000.00 and above    
3 Month   0.85% 0.85%
6 Month   1.05% 1.06%
12 Month   2.00% 2.02%
18 Month   1.34% 1.35%
24 Month   2.18% 2.20%
36 Month   1.69% 1.70%
48 Month   1.79% 1.80%
60 Month   1.93% 1.95%
MyCash CD   2.50%  2.50% 

*Interest Rates are subject to change without prior notice. For current rates contact your local branch office or 903-581-8100
**APY = Annual Percentage Yield

Certificate of Deposit penalty will be as follows:
3 Months - 12 months: 3 Months Interest
18 Months - 36 Months: 6 Months Interest
48 Months and greater: 18 Months Interest

CD and IRA Minimums
$1000. Minimum deposit is required to open a Certificate of Deposit.
$100. Minimum deposit is required to open an IRA.
Must maintain a minimum balance of $1000. in a Certificate of Deposit to obtain disclosed APY.
Must maintain a minimum balance of $100. in an IRA to obtain disclosed APY.

September 5, 2018
This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 13 Months. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.
Account Fees: See Miscellaneous Fees and Charges Account Requirements: To qualify for the MyCash CD, you must currently have a MyCash Checking Account and receive your statements via internet banking eStatements (no paper statements will be mailed). Limit one account per tax ID number.
Market Area Residence Required: The account owners must reside in the Market Area of Citizens State Bank. The Market Area of Citizens State Bank is defined as Smith County, Henderson County and counties that border Smith or Henderson County.
Time Account Information: Your account will mature in 13 Months. If you withdraw any of the principal before the maturity date, we may impose a penalty of 3 Months Interest . This account will not renew automatically at maturity. If you do not renew the account, we will do the following with your deposit: At maturity the funds will be deposited into the linked MyCash Checking account. If the MyCash Checking Account is closed, the bank will issue a Cashier's Check to the Account holder and mailed to the address on file.


To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all Financial Institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

Citizens State Bank will require a valid picture Texas Driver's license and your social security card prior to opening any account.