Time CDs

We offer a variety of C.D.'s at The Guaranty. You can invest in a Guaranty State Bank C.D. for as little as 1 month or as long as 60 months! Terri Kelly, CD services, or Tami Pruitt, Senior Vice President & Marketing Officer, can tailor a savings plan that is suited for you. The Guaranty's C.D.'s are FDIC insured.

Another unique investment at The Guaranty is our Educational C.D. This is a C.D. that is designed to come due when a child graduates from high school. It can be started at any time and in any amount. Additional deposits may be made whenever you wish. The C.D. earns the highest rate of interest that the bank is paying. The interest rate is subject to change every three years. After the child graduates from high school, the C.D. can be continued as long as they are a student.

E-mail us or stop by the bank soon for details on The Guaranty's C.D.s!

 

How much can I contribute to my ira in 2015?
 

The combined amount you can contribute to your traditional and Roth IRAs remains at $5,500 for 2015, or $6,500 if you'll be 50 or older by the end of the year. You can contribute to an IRA in addition to an employer-sponsored retirement plan like a 401(k). But if you (or your spouse) participate in an employer-sponsored plan, the amount of traditional IRA contributions you can deduct may be reduced or eliminated (phased out), depending on your modified adjusted gross income (MAGI). Your ability to make annual Roth contributions may also be phased out, depending on your MAGI. These income limits (phaseout ranges) have increased for 2015:

Income phaseout range for deductibility of traditional IRA contributions in 2015

1. Covered by an employer-sponsored plan and filing as:

  • Single/Head of household $61,000 - $71,000
  • Married filing jointly $98,000 - $118,000
  • Married filing separately $0 - $10,000

2. Not covered by an employer-sponsored retirement plan, but filing joint return with a spouse who is covered by a plan

  • $183,000 - $193,000

Income phaseout range for ability to contribute to a Roth IRA in 2015

  • Single/Head of household $116,000 - $131,000
  • Married filing jointly $183,000 - $193,000
  • Married filing separately $0 - $10,000