Certificate of Deposit

A CD is an investment for a specific term with a guaranteed yield. You select the flexible term that works best for you and watch your money grow. You are provided a 10-day grace period to change your CD or to withdraw your money following the maturity date. After the grace period, it renews automatically.

  • $500 minimum balance to open
  • Terms ranging from 91 days to 5 years
  • Interest can be paid to the certificate deposit account or deposited to a Sibley State Bank checking or savings account.

If you would like our current CD rates please phone us at 712-754-2561.

IRA Accounts

An IRA is a special tax-deferred savings plan that encourages investing for your future retirement. Individuals who are under age 70½ can contribute 100 percent of earned compensation of $5,500 or $6,500 depending on age, whichever is less. Contributions may be tax-deductible depending on your income. Earnings on your IRA are tax-deferred until withdrawn.

Traditional IRA

Account Features:

  • Deductible contributions
  • Tax-deferred growth of earnings
  • Maximum annual contributions of up to $5,500 for those under age 50 and $6,500 for those over age 50, or 100% of compensation, whichever is less.
  • No contributions after age 70½
  • Distributions must begin at age 70½

Roth IRA

Account Features:

  • Non-deductible, after-tax contributions
  • Tax-free earnings and distributions
  • Maximum annual contributions of up to $5,500 for those under age 50 and $6,500 for those over age 50, or 100% of compensation, whichever is less.
  • Contributions permitted after age 70½
  • Distributions not required after age 70½