Simple, Safe, and Secure Investment Accounts can help you reach your savings goals. Start investing today to insure your future.
Fixed Rate Certificates of Deposit
A Jersey Shore State Bank fixed rate Certificate of Deposit is a FDIC insured time deposit account that offers you the security of a fixed interest rate. There are several options available to meet your needs.
Whether you want the interest on your CD to compound or you would like to receive your interest, we have a variety of terms available to help you reach your financial goals. Monthly interest payments are available on deposits of $5,000 and over. A penalty may be charged for early withdrawal.
33-Month Jump-up Certificate of Deposit
The Jersey Shore State Bank 33-month Jump-up CD is the perfect investment if you are looking for the security of a fixed rate and the flexibility of "jumping" the rate if rates increase. One time during the 33-month term you can jump your CD rate to the current rate on our 33-month Certificate of Deposit.
Insured Money Market Account (IMMA)
With the Insured Money Market Account, as long as you maintain a $2,000 balance there will be no minimum balance fee. A minimum balance fee is incurred only when the account falls below the required $2,000 minimum balance.
Individual Retirement Accounts (IRA)
An IRA is a special savings account authorized by the government to encourage people to save money for retirement by offering tax advantages. There are several maturity terms ranging from 1 year to 10 years. We offer both Traditional and Roth IRA products.
Traditional IRA -The traditional IRA is an account which may allow a tax deduction for all or part of your annual contribution. Earnings are tax deferred. Individuals age 50 or over are allowed increased contribution limits to help them save for retirement.
Roth IRA -Roth IRA contributions are not tax deductible but earnings are generally "tax free". There are no required minimum distributions on Roth IRA's and deposits can be made beyond the age of 70 1/2. Individuals over 50 are allowed increased contribution limits to help them save for retirement.
Scheduled Statement Savings
This account is for anyone who wants easy access to their funds. It is an interest bearing account where interest is compounded quarterly with a quarterly statement mailed.
Holiday and All-Purpose Accounts are a convenient and disciplined form of saving for a special event. Each account earns a competitive rate, if held to maturity. There is a fee and loss of interest if funds are withdrawn early.
Holiday Clubs -Saving for holiday purchases is easier when you save with the Jersey Shore State Bank Holiday Club Account. The account begins in October with weekly deposits made for 50 weeks.
All-Purpose Club -Save for a vacation, taxes, or any major purchase with a Jersey Shore State Bank All-Purpose Club Account. The account can be started anytime with a deposit due each week. You determine the maturity month.