• Set aside for something specific or simply a rainy day
• Competitive interest on entire balance
• Avoid the $2 monthly service fee by maintaining a $300 minimum daily balance
• Minimum balance requirement waived for seniors and minors upon request
• 10 pre-authorized, automatic, telephone, electronic, online, or other transfers or withdrawals per statement cycles. $2 fee applies for any debit over 10
• Complimentary online banking*
• $1 minimum deposit to open

• Link this account to any Chelsea State Bank checking account
• Simplify your finances with a combined statement
• Competitive interest on entire balance
• Unlimited in-person withdrawals*
• No monthly service fee
• Complimentary online banking**
• $1 minimum deposit to open

• Competitive, tiered rates — ideal for balances of $1,000 or more
• Higher balances earn higher rates
• Enjoy flexibility with enhanced access to funds, including direct check writing:
  • 10 preauthorized, automatic, telephone, electronic, online, or other transfers or withdrawals per statement cycles. $2 fee applies for any debit over 10
• Avoid $10 monthly service fee by maintaining a $1,000 minimum daily balance
• Complimentary mobile & online banking services**
• $1 minimum deposit to open

• • Available to customers with a Chelsea State Bank checking account
  • Competitive, tiered rates — ideal for large balances
  • Higher balances earn higher rates
  • Enjoy flexibility with enhanced access to funds, including direct check writing:
    • 10 preauthorized, automatic, telephone, electronic, online, or other transfers or withdrawals per statement cycles.
  • Below minimum charges: $10.00 monthly fee if your balance falls below $1,000
  • Complimentary online banking services*
  • $1 minimum deposit to open

• Fixed rates, higher than standard savings
• Interest paid and compounded quarterly
  • For 182-day term interest paid or compounded at maturity
• Interest can be paid to any CSB statement account
• Provides more guarantee than other risky investments
• Set aside for future savings goals
• A wide range of terms available (from 6 months to 5 years)
• No setup or maintenance fees
• Early withdrawals subject to penalty**
• $500 minimum deposit to open
  • $500 minimum deposit to open 182-day CD

• Available to businesses, nonprofits, public fund managers and other large-dollar depositors.
• Rest assured: Make your entire deposit eligible for FDIC insurance that is backed by the full faith and credit of the federal government.  No one has ever lost a penny of FDIC-insured deposits.*
• Earn interest:  Using CDARS, you can put excess cash balances to work by placing funds into CDs.
• Save Time: Say goodby to tracking collateral on an ongoing basis, managing multiple bank relationships, manually consolidating bank statements, and other time-consuming workarounds.
• Enjoy Flexible Liquidity Options: CDARS allows you to select from multiple term options to meet your liquidity needs.
• Transparent Reporting: See important account details online, 24/7.  Receive one statement with detailed reporting provided by CSB.  Your confidential information remains protected.
• Community Investment: Feel good knowing that the full amount of your funds placed through CDARS can support local lending opportunities that build a stronger community.**

• Competitive interest above standard savings rates
• Traditional and Roth IRA options
• No setup fees
• No monthly or annual maintenance fees
• Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)*
• Additional $1,000 “catch-up” contribution allowed for ages 50+
• Funds can be used to purchase CDs within IRA
• $500 minimum deposit to open

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

• No income limits to open
• No minimum contribution requirement
• Contributions are tax deductible on state and federal income tax*
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59½
• Early withdrawals subject to penalty**
• Mandatory withdrawals at age 70½

Roth IRA

• Income limits to be eligible to open Roth IRA***
• Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal*
• Principal contributions can be withdrawn without penalty*
• Withdrawals on interest can begin at age 59½
• Early withdrawals on interest subject to penalty**
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor.