Home State Bank's Certificates of Deposit are available to both commercial and private investors who want competitive yields with minimum risk. For those individuals on a fixed income, interest payments from Certificates of Deposit can increase their annual earnings. Payments of interest, which may depend on the amount and/or term of the CD, can be paid as often as monthly, in the form of a check, a transfer to another deposit account, or compounded to the CD's principal (which allows interest to be earned on the interest). Interest on a CD is fixed until its maturity. Interest disbursements from CD's can be customized to fit specific needs. 

  • $1,000 Minimum Initial Deposit
  • No Statements unless Linked to a Deposit Statement Account
  • Interest Bearing Account 
  • Free Internet Banking
  • Terms are 30 Days to 5 Years*
  • For Terms less than 31 Days, Interest is Credited at Maturity
  • For all other terms, Interest is Compounded & Credited Monthly
  • CD's do not incur service charges
  • Interest is paid on the deposited funds, unlike Treasury Bills, Treasury Notes and Stock, all of which have fees attached (maturity fees, annual fees, transfer fees, etc.).
  • Automatically renewable feature avoids the inconvenience of acquiring a new CD at each maturity date.

Call a Personal Banking Counselor today for an appointment at (815) 459-2000.

*A substantial interest penalty applies to an early withdrawal.

Higher Learning Fund


A Higher Learning Fund is a savings plan that helps parents and grandparents save for the future educational needs of their children and grandchildren. 

  • $50 Minimum Initial Deposit
  • Quarterly Statements
  • Interest Bearing Account
  • Internet Banking
  • Interest Compounded & Credited Quarterly
  • Additional deposits permitted through term of CD
  • Frequency and amounts of contributions are completely up to the Account Holder
  • Pays one of the highest interest rates offered by the bank*
  • The Fund Matures when the child graduates from high school

Call a Personal Banking Counselor today for an appointment at (815) 459-2000.

*Ask a Personal Banking Counselor for information on current annual percentage yields.


Individual Retirement Accounts (IRAs)


Planning for your retirement is easy with a Home State Bank Individual Retirement Account. An IRA promises an income that will be available in addition to government (Social Security) or employer's pensions. If you have W-2 wages, you may establish an IRA with us for as little as $50. We offer a wide variety of IRA certificates of deposit with maturities to suit your individual needs, saving for your "golden years" is easy and affordable. Your Home State Bank IRA offers the benefit of tax-deferred interest earnings. IRA's are insured separately from other bank deposits up to $250,000 through the FDIC and a substantial interest penalty applies to an early withdrawal.


Liquid IRAs

Our Liquid IRA gives you flexibility! Without a term, this IRA gives you the liquidity needed for market timing or dollar cost averaging. 

  • Initial deposit of $5,000
  • No preset term means convenient liquidity
  • Add deposits ($1,000 minimum) at any time
  • Consolidate multiple IRA accounts in one place

Minimum amount of withdrawal is $1,000. One withdrawal per calendar month at no charge; each withdrawal thereafter will incur a $25 processing fee.


Simplified Employee Pensions (SEPs)

A Simplified Employee Pension (SEP) plan is an IRA funded by an employer to provide a tax benefit for the business in addition to retirement benefits for the employees. We offer the same variety of certificates of deposit for our SEPs as we do for our IRA's. SEPs and regular IRA's are jointly insured through the FDIC up to $250,000.
Deposits Insured by the FDIC.


Self-Directed IRAs

If investments other than certificates of deposit suit your retirement needs, our Trust Department offers Self-Directed IRA's. For more information, please contact a Trust Officer at 815-459-2000.

Our IRA consultants are ready to answer your IRA and SEP questions and to help you establish a retirement plan that is right for you. Call or stop in and see us today.

For more detailed information about "Topics for Retirement Plans" on the IRS website, click HERE .


FDIC-Your Insured Deposits

Online Banking

Living Trust and Estate planning

Trust Department

Home State Bank is committed to providing outstanding personal service and quality products to meet your needs today and for generations to come.

Learn More