Personal Savings

Competitive interest rates, compounded daily, and paid quarterly.

Minimum Opening Deposit - $25
6 Transaction Withdrawals Allowed Quarterly; A fee of $1 for each withdrawal exceeding limit will be assessed.
$3 service charge will be assessed on an active account if the balance falls below $100 during a calendar quarter.
Account does not earn interest if balance is less than $25

Youth Savings

Minimum Opening Deposit - $25
No Service Fees
Account does not earn interest if balance is less than $25

Christmas Club

Fixed Interest Rate
Minimum Opening Deposit - $2
Accounts can be opened from October 1 - December 31. Checks are mailed October 8th.
Must close account if early withdrawal

Vacation Club

Fixed Interest Rate
Minimum Opening Deposit - $2
Accounts can be opened from March 1 - April 30th. Checks mailed March 11th.
Must close account if early withdrawal

Certificate of Deposit

A CD allows a customer to earn a high rate of interest while maintaining control over liquidity and interest distributions. CD's are good investments for individuals, corporations, or organizations seeking long term investments. Interest is paid by check, automatic deposit to designated account or can be added back to the CD. Interest is paid at maturity, monthly, quarterly, or semiannually. The minimum deposit starts as low as $1,000. Click here for current rates.

Personal Money Market

Citizens Money Market Fund is a limited transaction, high interest account. The rate of interest is tied to current Money Market rates and is subject to change monthly. By maintaining a higher balance, you can earn a higher interest rate. Interest on the Money Market Fund is compounded daily, determined by the daily ending balance and added to the balance at the end of the month. The Personal Money Market account has one rate structure, which begins with a minimum balanace of $500.

If the account balance falls below $500, a $10 service charge will be assessed.
Interest will be lost only on the days the balance falls below $500.
You are permitted six(6) withdrawals from the Fund each month. If this number is exceeded, a $10 charge will be imposed for each item in excess of six(6).
Checks provided free of charge.

Citizens Gold Money Market

For those who maintain a higher balance in their Money Market Account and do not need access to the funds on a regular basis, this high yield Money Market is just for you!

Minimum balance of $25,000 required. If balance falls below minimum, interest is lost only on the days the balance is below the minimum.
One internal withdrawal or transfer per month allowed.
Additional transfers are a $10 fee.
Checks are not provided.
Interest rate is subject to change monthly.

Individual Retirement Accounts

An IRA is an arrangement where a working individual may save up to $5,000 annually. The plan is on a 18 months maturity and can be a fixed or variable rate. Minimum deposit is $2,000 for fixed rate plan, and first deposit must be $40 on a variable rate plan. Eligibility is open to individuals under the age of 70 1/2 who earned salaries or wages. Distribution can be made at 59 1/2 without penalty. If you are at least 50 years old you may make an additional $1,000 'catch-up' contribution annually. Click here for current rates.

COVERDELL EDUCATION SAVINGS ACCOUNT
This account is a nondeductible account that features tax-free withdrawals for a very specific purpose - a child's higher education expenses.

The total aggregate contribution into one or more Education IRA's on behalf of a child is $2,000 for a taxable year.

ROTH IRA
The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from these accounts than from a traditional IRA.

Citizens National Bank has multiple investments that may fit your needs. For more information call 606-679-6341 ext. 231.