Individual Retirement Accounts (IRAs)

Having a retirement savings plan is an important part of retirement planning, and the sooner you start, the closer you will be to enjoying retirement. Central State Bank offers multiple types of retirement plans including Roth IRAs, SEP IRAs, and Traditional IRAs to help you prepare for the future.

We’re here to help you find the best IRA account option for you, whatever it may be. Learn more about our IRA options and IRA benefits below!


A Roth Individual Retirement Account is a retirement account where you pay taxes on IRA contributions when they go into your account, and then your IRA withdrawals are tax-free. Features of a Roth IRA at Central State Bank include:
  • No annual maintenance fee
  • Flexible terms
  • Tax advantages (consult your tax advisor)
  • Fixed-interest rate accounts
  • Accounts automatically renew at a rate in effect at the time of maturity
  • Online Banking & Mobile Banking
  • 24-hour telephone banking
  • Penalties may be assessed for early withdrawals.
View our Roth IRA calculator to learn more.
A Traditional Individual Retirement Account is a retirement account where your IRA contributions can be pre-tax or after-tax dollars, and then your IRA withdrawals are taxed as current income at retirement age. Features of a Traditional IRA at Central State Bank include:
Penalties may be assessed for early withdrawals. View our Traditional IRA calculator to learn more.
A SEP Individual Retirement Account (Simplified Employee Pension IRA) provides business owners with a simplified method to contribute to their employee's retirement plans while enjoying certain tax benefits. Features of a SEP IRA at Central State Bank include:
Penalties may be assessed for early withdrawals. View our 401K savings calculator to learn more.








Not sure what type of IRA is right for you? From comparing Roth IRAs vs Traditional IRAs to helping you understand IRA deductions, IRA contribution limits, and overall IRA investment benefits, we can help you better understand your options.

From IRAs to personal savings accounts with competitive interest rates to Money Market Accounts and more, we can help you reach both your short and long-term savings goals!

Start Saving For Retirement Today