What are CDs?Save easier with a CD or the CDARS Program at TSB Bank
CDs, short for certificates of deposit, are deposits of money that grow at a certain rate for a specified period of time. The longer the growth term, the more interest they accrue. The best part about CDs is they are FDIC protected up to the maximum amount, so you won’t lose out on a return like you can with other investments.
Saving for the future can be risky. Returns on investments are guaranteed and can even lose value. If only there were safer ways to save. Fortunately, there are: CDs and the CDARS program at TSB Bank.
What is the CDARS program?
CDARS stands for Certificate of Deposit Account Registry Service. It is a program that allows for easier and more secure management of deposits over $250,000. And, just like CDs, they enjoy the full benefits of FDIC insurance for safe growth over their term.
For more information about the CDARS program, please contact your nearest TSB Bank location in Titonka, Forest City or Thompson.
What Will My Investment Be Worth in the Future?This calculator computes what an amount invested today will be worth at some point in the future.
How IRAs WorkTraditional, Roth and SEP IRAs to help you save for retirement.
Your IRA is funded by contributions you make, either automatically or manually. Depending on your interest rate and market conditions, compound interest helps your IRA grow, hopefully to the point that you have enough money to fund your retirement.
Saving for retirement can seem intimidating. How do you know how much you will need to live the way you want? And how are you supposed to save that much money? Thankfully, saving for retirement does not have to be that hard. With an individual retirement account, or IRA, from TSB Bank you can save what you need to live comfortably in retirement.