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Business Certificates of Deposit & Retirement Plans

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Business Certificates of Deposit (Cds)

 
Looking for a safe way to grow your business savings? Park State Bank's Business Certificates of Deposit (CDs) offer guaranteed returns with fixed interest rates and flexible term options. Whether you're setting aside excess cash reserves or planning for future opportunities, a business CD provides a secure, low-risk investment backed by FDIC insurance.

Benefits of Business Certificates of DEposit

  • No minimum opening deposit
  • Fixed interest rates for predictable earnings
  • Guaranteed returns
  • Terms ranging from 3 months to 5 years
  • FDIC insured up to applicable limits
  • Safe, low-risk savings option

Have questions about CDs? Contact us.

 

Business Retirement Plans & IRAs

Planning for retirement is an important part of long-term financial success. Park State Bank offers retirement savings solutions designed for business owners, self-employed individuals, and employers who want to help employees prepare for retirement.

We offer SEP IRAs and SIMPLE IRAs, providing tax-advantaged retirement savings options with flexibility to meet a variety of business needs.

SEP IRA (Simplified Employee Pension) is a retirement plan designed for self-employed individuals and small business owners seeking a flexible way to save for retirement.

SIMPLE IRA (Savings Incentive Match Plan for Employees) is a retirement savings plan that allows eligible employers to help employees save for retirement through payroll contributions and employer contributions.

 

Benefits of SEP and SIMPLE IRAs

  • Save for retirement with tax advantages
  • Interest-bearing retirement accounts
  • SEP IRA and SIMPLE IRA options available
  • Flexible retirement planning solutions
  • FDIC insured up to applicable limits
  • Designed for business owners and employees

Age limits, contribution limits, and eligibility requirements may apply.

Have questions about IRAs? Contact us.


Note: Your account will be assessed a $25 termination fee when the account is closed.