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CDs & IRAs

Certificates of Deposit

Designed for the customer who wants to invest $250 or more and earn fixed higher yields for a specified term. Our certificates of deposit offer competitive interest rates, and you enjoy the stability of watching your money grow without market fluctuations.

  • $250 minimum balance to open
  • Special interest rates for Senior citizens
  • Maturities ranging from 3 months to 5 years
  • Safe way to save
  • One Time Bump CD 2 year or 3 year terms. Bump up your rate one time to whatever the current Bank rate is within the term of the CD. Six month penalty for early withdrawal.

Individual Retirement Account (IRA)

An excellent way to save for those golden years when you retire.

  • Traditional
  • Roth
  • Educational
  • SEP
  • Simple

Traditional IRA

Our Traditional IRA is an interest earning account helping you prepare for retirement by saving in a tax deferred plan.

  • No annual fee
  • $250 minimum balance to open
  • Maturities ranging from 1 year to 5 years
  • Withdrawals may begin at age 59½
  • Withdrawals made before age 59½ are subject to penalties
  • Distributions must begin by age 70½
  • Annual contributions are limited

Roth IRA

The Roth IRA was created as part of the Taxpayer Relief Act of 1997 and originally called The American Dream IRA. It has a tax structure unlike that of any other IRA as contributions are post-tax, but growth is tax free.

  • No annual fee
  • $250 minimum balance to open
  • Maturities ranging from 1 year to 5 years
  • No mandatory annual distribution requirements
  • Annual contributions are limited

Educational IRA

The Educational IRA is a nondeductible account that features tax-free withdrawals for a very specific purpose, a child's education.

  • No annual fee
  • $250 minimum balance to open
  • Maturities ranging from 1 year to 5 years
  • Annual contributions are limited

SEP IRA

Even the smallest of businesses can attain a solid retirement plan with a SEP IRA, created specifically for the self-employed and small businesses.

  • No annual fee
  • $250 minimum balance to open
  • Maturities ranging from 1 year to 5 years
  • Flexible contribution amounts
  • Tax deductible contributions for you and your employees

Simple IRA

A Simple IRA is an easy and affordable way to provide your employees access to a tax advantaged retirement plan.

  • No annual fee
  • $250 minimum balance to open
  • Maturities ranging from 1 year to 5 years
  • Deduct contributions you make for your employees as a business expense

Contact your tax advisor prior to opening an IRA.

Additional Savings Information