Personal Accounts

Certificates of Deposit

Simmesport State Bank offers a wide variety of maturities. Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, at maturity or as agreed upon. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. Interest begins to accrue on the business day you deposit any noncash item (for example, checks). There is a penalty for early withdrawal.


Individual Retirement Accounts (IRAs)

PLEASE NOTE: If you close your account before interest is credited, you will not received the accrued interest. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

*The daily blance is determined by the application of a daily periodic rate to the full amount of prinicpal in the account each day.

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