Personal Investment and Savings

Certificates of Deposit

Patterson State Bank offers FDIC-insured Certificates of Deposit with varying terms and corresponding market interest rates.

Individual Retirement Account

New laws governing IRA's allow married couples to save up to $6,000 annually instead of the old limit of $4,000. And, both working and non-working spouses may each contribute up to $3,000 annually in an IRA. An IRA may also provide tax benefits* during your income-producing years.

*Please consult your tax advisor.

Christmas Club Savings

Just in the of Nick time! Throughout the year, why not save for holiday gift-giving or extraordinary expenses with a Christmas Club Savings Account. Direct deduction from your PSB checking account can be arranged for your convenience. Each year, in November, we mail our Christmas Club customers a check for their contributions. A $20 minimum deposit is required to open this account.

Regular Savings Account

Saving for a rainy day is made easier with a PSB Savings Account, where you earn a market rate of interest while retaining access to your funds. You can open a Savings Account with a deposit of $50.00. A low balance fee of $3.00 dollars will be imposed on the last day of each month if the balance falls below $200.00. This fee does not apply to minor children's accounts. Two free withdrawals per month. There is a $2.00 fee per withdrawal thereafter. A $10.00 fee will be imposed on savings accounts closed within 90 days of opening.

For additional information on these and other solutions for your personal investment or savings needs, send an E-mail to info@pattersonstatebank.com or call a PSB member service representative at 985-395-6131 during regular business hours.

Premium Savings Account

This account is designed for those customers that want a higher rate of interest for larger balances.

• The minimum to open a Premium Savings Account is $25,000.00.
• There is unlimited in bank withdrawals at no charge.
• Interest is paid to the account monthly.
• The customer is paid a higher rate depending on their balance.

For the current Premium Savings interest rate please call Patterson State Bank, 985-395-6131.