Personal CDs

Wednesday, July 29, 2015 8:06:00 AM

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
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.