Certificate of Deposit & IRAs

Wadena State Bank offers traditional savings options with FDIC protection through Certificate of Deposit and IRA programs.

Certificate of Deposit

Contact our customer service department for more information on CD rates; now offering CD's from 32 days up to 5 years. Jumbo CD rates are also available for investments over $100,000.00.

Traditional IRA

Under this arrangement, most often contributions are 100% deductible, but distributions are generally taxable.


With Roth IRAs, contributions are not deductible, but distributions can generally be withdrawn tax-free.

Wondering what IRA option works best for you? Stop in and see one of our IRA specialists to discuss your eligibility to contribute.