CDs and IRAs

See the terms of our CD accounts below:

• Required minimum opening balance $1,000.00
• Variety of terms ranging from 3 months to 60 months
• Competitive, guaranteed interest rates for term of deposit (call bank directly for current rates)
• Interest compounded monthly*
• Interest can be added back to the Certificate, paid by check, or directly deposited
  to a Checking Account or Statement Savings Account
• Automatically renewable with a 10-day grace period for your convenience
• Penalty will apply for early withdrawal

Take a look at what one of our satisfied customers has to say:

“Just wanted to say how much I appreciate banking with The Missouri Bank. I have several accounts with them from business to personal.  They are by far very pleasant to work with!”      – Joni N.

*The Annual Percentage Yield (APY) assumes interest remains on deposit.  Interest will be accrued daily and credited monthly, unless noted otherwise.

See the terms of our Business CD accounts below:

• Required minimum opening balance $1,000.00
• Variety of terms ranging from 3 months to 60 months
• Competitive, guaranteed interest rates for term of deposit (call bank directly for current rates)
• Interest compounded monthly*
• Interest can be added back to the Certificate, paid by check, or directly deposited to a Checking Account or Statement Savings Account
• Automatically renewable with a 10-day grace period for your convenience
• Penalty will apply for early withdrawal

*The Annual Percentage Yield (APY) assumes interest remains on deposit. Interest will be accrued daily and credited monthly, unless noted otherwise.

The Missouri Bank offers the following IRAs to fit your financial needs and goals:

• Traditional – The traditional IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, depending on eligibility, contributions are tax deductible in the tax year for which you make them.
• Roth – The Roth IRA gives retirement savers a different incentive – nontaxable distributions. Regular Roth IRA contributions are not tax deductible, so owners will not pay federal taxes on distributions of these contributions. Under certain conditions, the earnings on Roth IRA contributions are also nontaxable when distributed. Therefore, if you expect to be in a higher tax bracket when you take distributions in retirement, for this and other reasons, you may benefit more from a Roth IRA than from a traditional IRA.
• SEP – The SEP IRA is a Simplified Employee Pension Plan that helps self-employed individuals and
  small-business owners get access to a tax-deferred benefit when saving for retirement.

For more information about the above accounts and taking the right steps to help you succeed in reaching your financial retirement goals, please contact a Customer Service Representative today OR use one of our Retirement Calculators to estimate your retirement savings balance and/or annual retirement withdrawal amounts.