• CDs
• IRAs

CDs

Certificates of deposit offer the flexibility of terms with competitive rates in a Federally insured instrument. Your Sherburne State Bank CD will automatically renew for your convenience. To learn the most current rates and annual percentage yields on our CDs, please call us at 763-261-4200 or contact a branch near you. (Rates are subject to change weekly.)

• Competitive, guaranteed rates for term of deposit
• $500 minimum deposit required
• Interest compounds quarterly
• FDIC insured up to $100,000
• Penalty may be imposed for early withdrawal
• Terms available:
  • 3 Months
  • 6 Months
  • 12 Months
  • 18 Months
  • 30 Month

Authorized by the Internal Revenue Service, Individual Retirement Accounts provide a viable option for planning and saving for a secure retirement.  IRAs offer flexibility, accessibility, and independence from other forms of retirement plans.  Also, Sherburne State Bank IRAs are federally insured unlike other instruments such as bonds and stocks.

Sherburne State Bank offers both traditional and Roth IRAs for your benefit.  Consult your tax advisor on the IRA best suited for you.

Please contact us for more information at 763-261-4200.

• Low $100 minimum balance to open account
• No start-up or maintenance fees
• Fixed interest rate for 18 months
• Interest compounded quarterly
• FDIC insured up to $250,000
• Automatically renewable
• Penalty may be imposed for early withdrawal
• IRA transfers, rollovers, direct rollovers and regular contributions are available