CDs & IRAs
Certificates of Deposit offer a great way to save for the future, a special project, or your retirement.
| Available Certificates | Minimum Deposit | Rates/APY* |
|---|---|---|
| 6 month certificates | $1000 |
2.65/2.68
|
| 12 month certificates | $1000 |
2.55/2.58
|
| 18 month certificates | $1000 | 2.45/2.48 |
| 24 month certificates | $1000 | 2.40/2.43 |
| 48 month certificates | $1000 | 2.30/2.32 |
| 60 month certificates | $1000 | 2.15/2.17 |
| 5 month special | $5,000 | 4.25/4.33 *NEW* |
| 11 month special | $5,000 | 3.80/3.87 *NEW* |
| Available Certificates | Minimum Deposit | Rates/APY* |
|---|---|---|
| 12 month fixed | $100 | 4.00/4.07 |
| 18 month fixed | $100 | 3.75/3.82 |
| 24 month fixed | $100 | 3.00/3.04 |
| 30 month fixed | $100 | 2.50/2.53 |
| 48 month fixed | $100 | 2.40/2.43 |
| 60 month fixed | $100 | 2.25/2.27 |
Individual Retirement Accounts
Traditional IRA
- Tax deductible contributions (depending on income level)
- Withdraws begin at age 59 ½ and are mandatory by 72.
- Taxes are paid on earnings when withdrawn from IRA.
- Funds can be used to purchase investments.
- Available to anyone that has earned income.
- All funds withdrawn before 59 1/2 are subject to 10% IRS penalty (subject to exception).
Roth IRA
- No mandatory distribution age.
- All earning and principal are 100% tax free if rules and regulations are followed.
- Funds can be used to purchase a variety of investments.
- Available only to single-filers making up to $140,000 or married couples making a combined maximum of $208,000 annually.
- Principle contributions can be withdrawn any time without penalty (subject to some minimal conditions).
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
