Focus Your Savings
If you’re looking to get more out of your savings than what you can find in a traditional savings account, State Bank of Davis gives you options. From CDs that allow you to earn a better interest rate, to retirement accounts that allow you to save more effectively for retirement, we’ve got you covered. If you’re ready to focus your savings, you can get started by contacting our office to speak with one of our friendly team members.
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Certificates of Deposit
If you’re looking for a safe, dependable way to earn interest on your savings, a Certificate of Deposit (CD) could be the right fit. State Bank of Davis offers a range of CD terms to match your needs. For details on our current rates and available terms, connect with a banker today.
Retirement Accounts
An Individual Retirement Account (IRA) helps you save for retirement while taking advantage of potential tax benefits.
IRAs allow your savings to grow either tax-deferred or tax-free, depending on the type you choose. The two main options—Traditional and Roth—offer different features to help you plan for your future.
Account Type | What You Need to Know About this Account |
|---|---|
Traditional IRA | Persons (of any age) with earned income, are eligible to contribute Earnings grow tax-deferred Annual contributions may be tax-deductible |
Roth IRA | Persons of any age are eligible if they meet certain income criteria Contributions are not tax-deductible Earnings grow tax-free No tax or penalties on qualified withdrawals |
*Please consult your tax advisor to determine which retirement account is right for you.