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CDs & IRA Options

Home Personal Savings 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 monthsTerm of 12 months or more

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.

Required opening deposit

$2,500

$500

Interest type

Simple

Daily compounded

Early withdrawal penalty

See Early Withdrawal Penalty Chart*

How to open

Visit one of our branches!

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.

*Certificate of Deposit Early Withdrawal Penalties:
3 months interest on terms between 3-11 months
6 months interest on terms between 12-23 months
12 months interest on terms between 24-47 months
24 months interest on terms between 48-60 months
Note: Amount could include principal and interest on the amount withdrawn

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 IRATraditional IRASimplified Employee PensionCoverdell 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 72

Yes, at age 72

By age 30 (unless special needs)

How to open

Visit one of our branches!

Online Services

Financial freedom isn't just about having enough money, but being in control. Online and mobile banking provides 24/7 access to your accounts and the tools to help you manage your money on your terms. Bank anytime.

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Loan Rates

Speak to one of our experienced loan officers about interest rates and financing options.

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