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First State Bank of Rosemount. Building Relationships That Last. Rosemount, MN

CDs & IRAs


The First State Bank of Rosemount’s fixed rate Certificates of Deposits (CD) are investments that provide a secure guaranteed return.  We offer competitive CD rates on terms ranging from 182 days (six months) to 8 years.  You can open a CD with as little as $500.00 and watch your money grow.  Whether you have short or long-term savings goals, we have a product to meet your needs. 

You are guaranteed the interest rate in effect at the date of the purchase for the certificate length.  These accounts are insured by the FDIC up to $250,000.00.  Fixed rate CDs are safe, secure and a smart part of a diversified investment plan.  Our CDs offer varied interest rates and terms to allow greater investment flexibility. 

View our current rates.

Your CD will automatically renew at maturity.  However, you have a 7 day grace period from the maturity date to withdraw the funds without penalty.  You may change the term of your CD or make deposits or withdrawals during the grace period.  Each renewal term will be the same as the original term, beginning on the maturity date.  All early withdrawals of certificates are subject to substantial penalty.

Features and Benefits Include:

  • Competitive Rates
  • Guaranteed return on your investment
  • Flexible Terms from 182 days (6 months)  to 8 years
  • Easy Automatic Renewal

Interest Payment Options

When it comes to saving money for the future, we offer a full range of fixed rate CDs to meet your needs, and interest is paid based on the term of the CD.  We offer three convenient interest payment options:
  • Add the interest payment to the principal amount of your CD
  • Automatically deposit the interest to your First State Bank of Rosemount checking or savings account
  • Receive an interest check by mail


An Individual Retirement Account is a safe and smart part of a diversified retirement plan.  Our traditional IRAs can help you retire worry-free.  With a minimum balance as low as $250.00, you can start preparing for your retirement now.  Depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free!  Contact us for more information about the benefits of IRAs.

Traditional IRA

This IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn.  Certain contributions are tax deductible in the tax year for which you make them

Roth IRA

This IRA allows only nondeductible contributions and features tax-free withdrawals.  Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than a Traditional IRA
CDs and IRAs
Account Type Term Minimum Deposit
Certificate of Deposit 182 Day Certificate $2,500
Certificate of Deposit 12 Month Certificate $500
Certificate of Deposit 18 Month Certificate $500
Certificate of Deposit 30 Month Certificate $500
Certificate of Deposit 5 Year Certificate $500
Certificate of Deposit 8 Year Certificate $500
IRA 18 Month IRA or Roth IRA $250
IRA 30 Month Roth IRA $500
IRA 5 Year Roth IRA $500

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