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CDs & IRA Options

Home Personal CDs & IRAs

Flexible Solutions Built for Financial Success

What do you envision for your future? Whatever image and dreams you have, you will undoubtedly need the funds to live the life you want. We offer a number of longer-term savings options to help you achieve peace of mind and financial security.

Certificate Options and Features

Certificates of deposit (CDs) are the ideal choice if you have excess funds you can part with for period of time to grow them. The rate for a given CD fluctuates by term, the amount of time your deposited funds will earn interest.

All of our CDs are insured in full by the FDIC and DIF.

Check our CD Rates


Certificate Options and Features

 

Term of less than 12 months

Term of 12 months or more

Companion CD

The ideal solution if…

You have a shorter amount of time to grow your funds.

You have a longer amount of time to grow your funds.

You want to pair your CD with a checking account at the same bank.

Required opening deposit

$2,500

$500

$2,500

Interest type

Simple

Continuously compounded

Simple

Early withdrawal penalty

A penalty equaling the loss of 1/2 of the interest that would have been earned on the amount withdrawn for the remaining days until the maturity of the CD

How to open

Open Online!

Simple Interest vs. Compound Interest

  • Simple interest is calculated on the principal amount of the CD.
  • Compound interest is calculated on the principal amount AND any accumulated interest from previous periods.

IRA Options and Features

Individual retirement accounts, or IRAs, are accounts set up to save specifically for retirement. Each type of retirement account has its own tax benefits, so be sure to also speak with a tax advisor before opening an account.

All of our IRAs are insured in full by the FDIC and DIF.

Check our IRA Rates

IRA Options and Features

 

Roth IRA

Traditional IRA

Simplified Employee Pension

Coverdell Education Savings Account

The ideal solution if…

You’d rather pay taxes on contributions up front, not in retirement.

You’d rather make tax-deductible contributions now and pay tax on withdrawals.

You are self-employed and want to set up a retirement account for yourself.

You want to save for the future education costs of a child or grandchild.

Tax-deductible contributions

No

Yes

Yes

No

Qualified withdrawals

Tax free after age 59 ½

Taxable, and possible penalty if funds are withdrawn prior to age 59 ½

Taxable, and possible penalty if funds are withdrawn prior to age 59 ½

Tax free for qualified beneficiary's educational expenses

Required distribution

No

Yes, at age 70 ½

Yes, at age 70 ½

By age 30 (unless special needs)

How to open

Visit one of our branches!

woman using credit card online

Online Services

Online Services
father and daughter cooking

Loan Rates

Loan Rates

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