Weekly Rate Spotlight - Citizens State Bank Offering 4.00% APY Variable IRA

Weekly Rate Spotlight - Citizens State Bank Offering 4.00% APY Variable IRA

Rate information contained on this page may have changed. Please find latest savings rates.

Citizens State Bank of Cadott, WI is offering a Variable IRA (VIRA) rate of 4.00% APY. The Variable IRA requires that you have a checking or savings account at the bank and make at least monthly transfers from one of those accounts into the IRA. There is no minimum transfer amount. The maximum total transfer amount is determined by IRA rules.

Citizens State Bank of Cadott, WI is offering a Variable IRA (VIRA) rate of 4.00% APY. The Variable IRA requires that you have a checking or savings account at the bank and make at least monthly transfers from one of those accounts into the IRA. There is no minimum transfer amount. The maximum total transfer amount is determined by IRA rules.

Variable IRAs

Variable IRAs are like savings accounts in a tax-advantaged IRA account. A variable IRA can either be a traditional IRA, in which income from the account is tax deferred, or a Roth IRA, in which post-tax income grows tax-free and can be withdrawn tax free. The main difference between a Variable IRA and a Fixed IRA is that the interest rate earned on money in a Variable IRA can change at anytime (think of the difference between a savings account and a CD).

A broader discussion of putting deposit money into IRAs can be found here.

Citizens State Bank

The VIRA can only be opened at a Citizens State Bank branch. The bank has four branches located close to Eau Claire, Wisconsin. The bank was founded in 1902. Its assets have remined relatively flat over the past six years, growing from $98 million to $99 million. The bank has a Texas Ratio of 18.76% versus the national average of 20.28%.

If you don't live near a Liberty Bank & Trust branch, BestCashCow can help you find a great IRA rate in your area.

New - Email Rate Updates for BestCashCow Readers

Users can now register to receive the best bank rates via email every Monday. You can choose to either receive the best rates for banks across the country, or you can receive the best rates for your state. You can cancel delivery at any time and also login to change which product rates you receive for which state. This email service is free. You can register for the service here.

I hope to eventually also have the weekly rate updates go out via this email service.

Previous Weekly Rate Spotlights

Check back next Monday for a new bank deal. Email any deals you know about to ratedeal (at) bestcashcow.com. Feel free to also share them below. If you're a bank and have a great deal not listed on BestCashCow, register for access and add the deal to the site.

New- Remember, to receive FREE weekly emails updates with the best bank rates for your state, click here to register.

Image: Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Reviews

Add your Review