Defiance State Bank 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 
Defiance State Bank are Open End. 
This means you can deposit to an existing CD!
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.

• 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• Tax deferred interest until withdrawn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 ½ years of age
• Variable and Fixed investment options available
• Distributions are penalty free if taken after attaining age 59 ½
• Mandatory distributions upon attaining 70 ½ years of age
• FDIC insurance coverage applies

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• Tax deferred interest until withdrawn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 ½ if still have earned income
• Variable and Fixed investment options available
• Distributions are penalty free if taken after attaining age 59 ½
• Mandatory distributions upon attaining 70 ½ years of age
• FDIC insurance coverage applies

ROTH IRA: Individual Retirement Account

• No fees
• Earned income required to be eligible to deposit (income limitations)
• Tax free interest after a five year holding requirement and

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• Tax deferred interest until withdrawn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 ½ 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 ½ years of age
• FDIC insurance coverage applies

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