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CDs & IRAsCertificates of DepositCertificates of deposit (CDs) are popular investment accounts
that are simple to transact. Valley State Bank offers CDs with various
terms and competitive rates, for amounts starting as low as $500.00. Please contact a Valley State Bank customer service representative for additional information, disclosures and current rates on CDs. Individual Retirement AccountsValley State Bank offers traditional individual retirement
accounts (IRAs) that allow qualifying individuals to set aside a portion
of annual income on a tax-deferred basis. We also offer ROTH IRAs, which
allow your earnings to grow tax-deferred. Please contact a Valley State Bank customer service representative
for additional information, disclosures and current rates on IRAs. |
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
