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CDs & IRAs

Traditional Certificates of Deposit

Features:

  • $1,000 minimum opening deposit
  • Flexible terms that range from 7 days to 5 years
  • Competitive interest rates that vary depending on the term and interest payment method
  • Early withdrawal penalties will or may be imposed

Add-On Certificates of Deposit

Features:

  • $500 minimum opening deposit
  • Competitive tiered interest rate that is based on account balance
  • Unlimited deposits allowed in the amount of $25 or more
  • No maturity date
  • Interest rate is subject to change at any time
  • Quarterly statements
  • Penalties apply if a withdrawal is made within the first six days of a deposit

Individual Retirement Account

Features:
  • $100 minimum opening deposit
  • Flexible terms are available – 90 days, 12, 18, and 36 months
  • Competitive interest rates vary depending on the term
  • Statements annually and at maturity
  • Qualifying additional deposits may be made at any time
  • Early withdrawal penalties will or may be imposed
Tennessee State Bank • (865) 453-0873 • 2210 Parkway, P.O. Box 1260 • Pigeon Forge, TN 37868
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