Reach Your Goals With The Right Personal Savings Account

image-personal-savings.jpgPutting your financial plan into action starts with the right savings strategy, whether you are just starting out or planning for retirement. At State Bank of Chilton, we are ready to help you at every stage, with a variety of long and short-term savings account options. 


Whether you are saving for a major lifestyle milestone, or you just want to build up an emergency fund, enjoy convenient access to your money, competitive rates, and personal service with your savings account at State Bank of Chilton.

Regular Savings Account: 

If you are just starting out or looking to add to your financial plan, our Regular Savings Account, with no minimum deposit, is a great place to start. Begin teaching your children about money, or easily track a portion of your budget with this flexible account. Interest is compounded daily and credited to your account quarterly.

  • Available as a Passbook Account or as a Statement Savings Account
  • No minimum deposit required to open the account
  • Unlimited teller transactions
  • $100.00 minimum balance required to avoid $1.50 monthly service fee (Fees are waived for account holders under the age of 18)
  • Earn a competitive rate of interest. Click here for current rates

Certificate Of Deposit:

Looking for a low-risk account to include in your overall investment strategy? A Certificate of Deposit account, or CD, is insured just like a regular savings account. You can deposit your money in our CD for a fixed amount of time and know that your money will grow safely with a competitive interest rate. 

With a higher rate of interest than a regular savings account, a State Bank of Chilton CD offers convenient and flexible terms for your saving needs. We offer terms ranging from 30 days to 5 years.

With our Standard CD accounts, you can:
  • Start with a balance of $1,000 to open and maintain the account
  • Earn interest that is compounded and credited semiannually
  • Make withdrawals without penalty 10 calendar days after the maturity date
    *A penalty may be imposed for early withdrawal of time deposit accounts
    *Fees may reduce earnings on this account

Savers CD:

Our Savers CD is perfectly suited to individuals looking to get into a CD at a lower initial investment, with a variable rate.

With our Savers CD account, you can:

  • Start with a low minimum balance of only $500.00 to open and maintain the account
  • Add deposits at any time in any amount during the 6 month term
  • Earn interest that is compounded and credited quarterly and at maturity
  • Make withdrawals without penalty 10 calendar days after the maturity date
    *A penalty may be imposed for early withdrawal of time deposit accounts
    *Fees may reduce earnings on this account

Individual Retirement Accounts (IRA)

What are your dreams for life in retirement? Together with State Bank of Chilton, you can start taking the steps that will get you where you want to be. Open an individual retirement account to take advantage of one of the safest and most flexible investment options. Our insured deposit IRAs provide high interest returns based on current market rates. 

We offer two types of IRA Accounts: 

One Year IRA Variable Account: 

This insured account is structured for the individual who wants to budget for scheduled contributions to their IRA throughout the year. This one-year investment guarantees that your IRA will always be priced at current variable market interest rates. With a low minimum deposit requirement to open your account, it is easy to set up contributions that will allow you to meet your retirement savings goals.

*There is an interest penalty for customers under age 59 1/2 who withdraw their funds from an insured deposit account before maturity.

IRA Certificate of Deposit:

Are you looking to diversify your retirement savings strategy? State Bank of Chilton IRA CD account may be a great option for your portfolio. With a minimum deposit of only $1,000, this account offers a guaranteed interest rate for the length of the certificate. We offer IRA CD accounts that range in duration from only 182 days to 5 years. 
This fixed rate IRA is designed for those who like to make a one-time contribution for the year, such as rolling over another account. You can open another fixed rate account anytime, or invest additional funds at the time of renewal. 

*There is an interest penalty for customers under age 59 1/2 who withdraw their funds from an insured deposit account before maturity.

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