North Salem State Bank offers a variety of Individual Retirement Arrangement (IRA) products that are tied to our CD rates.
IRA CDs offer a guaranteed rate of return and are FDIC insured*. IRA terms range from 12 months to 84 months. We offer competitive, market-based interest rates. IRA CDs are automatically renewable.
A special tax deferred savings plan authorized by the Federal Government to encourage you to accumulate money for retirement.
An individual retirement account to which participants are able to make annual non-deductible contributions, earnings can be tax free.
For more information about IRA CDs please call 765-676-5100. For details about IRAs visit www.irs.gov and search for Publication 590 - Individual Retirement Arrangements (IRAs).
*FDIC insurance: your account is covered up to the maximum amount allowed by law. Each depositor is insured to at least $250,000 per insured bank.