Certificate of Deposit

To invest money for a specific, predetermined period of time, a York State Bank certificate of deposit offers highly competitive interest rates on a fixed-dollar investment. Current rates are for terms ranging from 30 days to 5 years. The minimum opening deposit required for investing in a certificate of deposit is as low as $1000.00. Interest can be paid to the certificate of deposit, paid by check or deposited to a York State Bank Checking or Savings account for those who choose to have access to the earned interest. Every depository is insured up to $250,000 for total deposits at York State Bank by the Federal Deposit Insurance Corporation (FDIC).

Please contact your nearest York State Bank office to inquire about promotional certificate of deposit rates.

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 Earnings on your IRA are tax-deferred until withdrawn.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
For more information contact us or visit a branch near you.