Citizens State Bank of Paola CD Rates
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The Citizens State Bank of Paola is an independently owned and operated state chartered bank that is found in Miami County, Kansas. More specifically it is located in Paola, Kansas. All of the accounts at this bank are insured by the Federal Deposit Insurance Corporation (FDIC). The bank’s state charter was granted to it in 1903. The bank is owned by Valley View Bancshares, Inc. (also known as Valley View Financial Group).
The Citizens State Bank of Paola is an independently owned and operated state chartered bank that is found in Miami County, Kansas. More specifically it is located in Paola, Kansas. All of the accounts at this bank are insured by the Federal Deposit Insurance Corporation (FDIC). The bank’s state charter was granted to it in 1903. The bank is owned by Valley View Bancshares, Inc. (also known as Valley View Financial Group).
If you are presently saving money in a savings account at the Citizens State Bank of Paola (or in a shoebox at home!) then you need to know that you can earn a higher rate of interest if you take that money and place it into a certificate of deposit account at the Citizens State Bank of Paola. Certificates of deposits (CDs) are low-risk investments. Unlike stock or bonds CDs do not fluctuate with the financial markets. This means that you are never at risk of losing any of the money that you put into the CD account- this includes both the principal of the money as well as the interest earnings.
When considering opening a certificate of deposit account you need to ask yourself a few questions. First you need to ask yourself what the interest rate is and how it will be paid out? What is the term for the CD and when is the maturity date? What fees will you be subject to if you withdraw your money from the CD account early? These are all pertinent questions that you need to have answers to before you open a CD account. Check out the recent Citizens State Bank of Paola CD rates at one of the bank’s branches or online to learn more about what awaits you.
The Bank of Paola makes available to its customers a variety of CD terms. To open an account of this kind you require a minimum deposit of $500. This bank combines some of its CDs with IRAS. Here are some of the account plans that are available to you- 3 month CD, 6 month CD, 9 month CD special, 12 month CD, 20 month 1 jump special, 24 month CD, 36 month CD, 60 month CD, 12 month IRA CD, 24 month IRA CD, 36 month IRA CD and the 60 month IRA CD.
All of these accounts are interest bearing accounts. The interest payments can be made to the bank holder’s account, by check or can be compounded on a quarterly basis. The website provides more information about each CD account plan.
Here is an example of what the Citizens State Bank of Paola CD rates will be effective July 26, 2010:
• 3 Month CD- Rate of .80%, APY of .80%
• 6 Month CD- Rate of 1.15%, APY of 1.15%
• 9 Month CD- Rate of 1.19%, APY of 1.20%
• 12 Month CD- Rate of 1.39%, APY of 1.40%
• 14 Month CD- Rate of 1.49%, APY of 1.50%
• 18 Month CD- Rate of 1.49%, APY of 1.50%
• 24 Month CD- Rate of 1.64%, APY of 1.65%
• 36 Month CD- Rate of 1.99%, APY of 2.00%
To learn more about this banking institution visit it on the web at http://www.citizensstatebankpaola.com/.
