Personal CDs
Certificates of Deposit
With a certificate of deposit, you can earn interest on as little as $1,000. Our CDs will earn you a competitive interest rate based on the current market conditions. We offer flexible maturities from ninety days to five years with a $1,000 minimum to open. CDs are automatically renewable at maturity. No fee is involved. All depositors are eligible. We offer premium interest for longer terms. There is a substantial penalty for early withdrawal.
Individual Retirement Accounts
A variety of IRAs are available to allow qualified wage earners to build a substantial retirement fund or to save for other future investments. Qualified individuals may be allowed a tax deduction for their contributions. ROTH IRAs are also available. Minimum to open is $100. We offer premium interest for longer terms. There is a substantial penalty for early withdrawal of all IRAs.
Individual Retirement Accounts Side-by-Side
Traditional IRA Used for retirement savings | Roth IRA Used for retirement savings | |
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Contributions | Contributions may be tax deductible depending on your income, marital status, and whether you have a retirement plan at work. | Contributions are not tax-deductible. |
Withdrawals | Taxes are deferred on the interest you earn and withdrawals are taxed as ordinary income. | Interest earned and withdrawals may be income-tax free and IRS penalty-free. See one of our account representatives for more information. |