CDs / IRAs / HSAs

Certificates of Deposit

  • Terms available from 6 months to 60 months

  • $1,000 minimum opening deposit

  • Competitive interest rates

  • Interest credited and compounded semi-annually

  • One Time “Bump Rate” option on 36 month and 60 month CDs

  • Penalty for early withdrawal varies based on the term of the CD

  • FDIC Insured

Contact us for specific terms, interest rate information, interest payment information, and withdrawal restrictions.


CDARS Program

CDARS video

CDARS® is the Certificate of Deposit Account Registry Service®. It is the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000. With CDARS and BankStar Financial, everything is handled through us. Your deposit is placed into a special network of member banks, then, your CDs are placed with these member banks in amounts under $250,000 so your entire investment is eligible for FDIC insurance. By working with just one bank, BankStar Financial, you can receive insurance from many.





Individual Retirement Accounts

It is never too early to start investing for a secure retirement.  Given their tax advantages and the opportunity to build capital over the long term, IRAs can be used as part of a comprehensive financial plan to help you achieve and maintain your investment goals.

Types of IRAs offered:

  • Traditional

  • Roth

  • SEP

  • Simple IRAs

Provisions of the tax law that affect these accounts change each year. Be sure to talk to your tax advisor for the details before opening an account.

For more helpful IRA information, visit

Health Savings Account

If you have an eligible High Deductible Health Plan, a Health Savings Account (HSA) allows you to save money for qualified medical expenses. Your contributions are made with pre-tax dollars, and any interest earnings are also tax-free, providing you with a smart way to save for medical expenses. In addition, any unused funds are automatically rolled over from year to year. The amount of your annual contribution is determined by individual eligibility.

  • No minimum balance to open

  • No minimum balance requirements

  • No monthly maintenance fee

  • Variable rate product with tiered interest rates

  • Account opening fee assessed at time of opening

Who is eligible to open an HSA?

  • Any individual covered under a qualified High Deductible Health Plan (HDHP)

  • Individuals cannot be enrolled in Medicare or covered under another plan

  • Individuals cannot be claimed as a dependent on another person's tax return

  • See IRS Publication 969 for more details