CDs and IRAs

Certificate of Deposit

  • $2,500.00 minimum deposit to open
  • Available from 1 month to 60 months
  • Interest available by compounding or by check
  • Convenient automatic renewal option

Bank of DeSoto's interest rates on CDs fluctuate with current market conditions. CDs may be written to mature on any date. Please ask our New Account Advisors to quote Bank of DeSoto's rate for the desired maturity.

Federal Regulations require substantial penalty for early withdrawal.

Traditional and Roth IRAs

  • $2,500.00 minimum deposit to open
  • Available from 1 month to 30 months
  • Interest available by compounding or by check
  • Convenient automatic renewal option
  • Balances less than $500.00 will not receive interest

IRA Contribution Limits:

Tax Year Contribution Limit Age 50 and Over Limit
2012 $5,000 + COLA $6,000 + COLA
2013 and after $5,500 + COLA $6,500 + COLA

The IRA contribution limit does not apply to Rollover contributions. Contributions for IRAs are invested in Bank of Desoto in time deposits. Please ask our account advisors to quote Bank of Desoto's rate for the desired maturity.

Federal Regulations require substantial penalty for early withdrawal.