CDs and IRAs - Thumb Bank

Educational IRA (CESA)

This account is a nondeductible account that features tax-free withdrawals for a very specific purpose - a child's higher education expense.

Higher education distributions are permitted from Traditional and Roth IRA's as well, but the crucial difference is that while qualified higher education distributions from these IRA's are penalty free, the same distributions from an Educational IRA are penalty free and tax free.

Personal Bankers

Heather Drabek

Bad Axe

Patti Reinhardt


Molly Rauschert

Bay City

Deb Dressler

Cass City

Adrienne Sting


Patrice Thede


Holly Bonesteel