Powder Magazine Fort de Chartres

State Bank of Prairie du Rocher

Powder Magazine Fort de Chartres

Description of Services

Investments

Certificates of Deposit

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Designed for customers wishing to invest in a product that earns a higher interest rate on funds.  State Bank of Prairie du Rocher has various terms from which to choose, so you can determine the length of time that suits your needs.  

Please refer to our Deposit Rates page for specific terms, earnings, and minimum deposits.  The Rate button will link you to the Deposit Rates page.


Traditional IRA

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Insures financial security for your retirement.  An IRA account can be opened with as little as $100.00 which makes this investment very affordable.  And all deposits are tax deferred which saves you money on your income tax.  Your investment earns interest which is paid semi-annually.  Watch your retirement dollars grow with an IRA investment! 

Please refer to our Deposit Rates page for specific terms, earnings, and minimum deposits.  The Rate button will link you to the Deposit Rates page.


Roth IRA

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The Roth IRA offers a different type of tax advantage than the Traditional IRA.  Contributions are non-deductible, but the interest and earnings accumulate tax free. For qualified individuals, contributions may be made at any age, even over 70 1/2.  An account must be designated as a Roth IRA when it is opened in order to receive the special benefits it provides.  In order for earnings to be withdrawn tax-free, the funds must have been in the account for 5 years.  There is no requirement to begin taking distributions by age 70 1/2.

Please refer to our Deposit Rates page for specific terms, earnings, and minimum deposits.  The Rate button will link you to the Deposit Rates page.

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State Bank of Prairie du Rocher

Established 1906

Main Office

219 Market St.
Prairie du Rocher, IL  62277
Phone:  618-284-3440
     Fax:  618-284-7380

Red Bud Branch

1320 West Market St.
Red Bud, IL  62278
Phone:  618-282-2265
    Fax:  618-282-6959


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