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| Account Services | Loan Services | Savings |
:: Defiance Main Office

201 Main Ave.
PO Box 279
Defiance, IA  51527

(712) 748-3561 Phone
(712) 748-3299 Fax

:: Dow City Office

100 S. Franklin
PO Box 407
Dow City, IA  51528

(712) 674-3245 Phone
(712) 674-3466 Fax

:: Hours
MON-THURS: 8:30 am-3:30 pm
FRI: 8:30 am-5:00 pm
SAT: 8:30 am-11:00 am

 Equal Housing Lender and FDIC Member

Savings

DSB has Savings options!Defiance State Bank ("DSB") believes that saving for retirement is one the most important financial tasks you will ever undertake. The right savings plan provides a secure financial future. We offer IRA, SEP, SIMPLE and ROTH accounts.

6 month and 12 month CD's at DSB are Open End.  This means you can deposit to an existing CD any time!  Each additional deposit Minimum $25.00.   Substantial Penalty for Early Withdrawal may apply.

Minimum Deposit $500.00 for each term. 

Call us at 712-748-3561 or 712-674-3245 for the more information on our CD's and IRA's.

Minimum Deposit $25.00 for Retirement Accounts -
Save a little each month and watch your Retirement GROW.

Traditional IRA:  Individual Retirement Account

  • No fees
  • Earned income required to be eligible to deposit (income limitations)
  • Tax deferred interest until withdrawn
  • Contributions may be tax deductible
  • Contributions cannot be made for the year you attain 70 years of age
  • Variable and Fixed investment options available
  • Distributions are penalty free if taken after attaining age 59
  • Mandatory distributions upon attaining 70 years of age
  • FDIC insurance coverage applies

Save with DBS!SEP-IRA:  Self Employed Pension Plan

  • No fees
  • Earned income required to be eligible to deposit (income limitations)
  • Tax deferred interest until withdrawn
  • Contributions are tax deductible
  • Contributions can be made after attaining age 70 if still have earned income
  • Variable and Fixed investment options available
  • Distributions are penalty free if taken after attaining age 59
  • Mandatory distributions upon attaining 70 years of age
  • FDIC insurance coverage applies

SIMPLE-IRA:  Savings Incentive Match Plan for Employees of Small Employers

  • No fees
  • Must have earned income to be eligible to deposit (income limitations)
  • Tax deferred interest until withdrawn
  • Contributions can be made after attaining age 70 if still have earned income
  • Employer sponsored pension plan with 100 or fewer employees
  • Employees deduct a percentage from each paycheck to be put into a SIMPLE IRA for themselves
  • Variable and Fixed investment options available
  • Mandatory distributions upon attaining 70 years of age
  • FDIC insurance coverage applies