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Time Deposits

Products & Services

Guaranteed premium interest rates can help you reach your investment goals. WestStar Bank offers a variety of CD (time deposit) accounts to help you make the most of your money. Contact us today to find out how you can get a guaranteed rate of interest on your savings.

Certificates of Deposit
With a minimum deposit of $2500, a Certificate of Deposit (CD) offers a high fixed rate, a fixed term of investment, plus a guaranteed return of your principal. The rate of interest is set at the time of issue and is dependent upon the amount and maturity of the CD. Deposits of less than $10,000 will only be issued for maturities of one year or more. Early withdrawal penalties apply.

IRA Accounts & Qualified Retirement Plans
It’s never too late to plan for your retirement. WestStar Bank can help you do just that with fixed or variable rate IRA Accounts, Rollover Accounts, Roth IRAs, Coverdell Education Savings, Qualified Retirement Plans, and SEPs. Minimum initial contribution for variable rate is $200 and $500 for fixed rate. You can contribute any time to variable rate IRA Accounts, up to federal limits. Federal Income Tax law prescribes a substantial penalty for early withdrawals. A fee will be charged for the administration of IRA and other retirement accounts which are not invested in WestStar Bank accounts or investments. Please contact us for details about any of our investment accounts. Early withdrawal penalties apply.

Early Withdrawal Penalties
Withdrawal of funds from a Certificate of Deposit prior to maturity may result in a maximum penalty which will be disclosed in writing at the time of investment.

 


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