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IRAs & CDs

Individual Retirement Account & Certificates of Deposits

We do our best to help you maximize the return on your deposits! Ask about our competitive interest rates on IRAs and CDs.

Certificate of Deposit

$1000 minimum deposit required. Penalties apply for early withdrawal.

  • Interest can either be paid to the customer’s account monthly, quarterly or at term and can be compounded to the certificate monthly, quarterly, 6 months, at term or unless specified.
  • 31 days to 60 month terms

Individual Retirement Account

$100 minimum deposit required. Reduce your tax liability on your invested funds.

Traditional IRA

The traditional IRA is an account that allows the investor to defer taxes on earnings until funds are withdrawn. Certain contributions are tax deductible in the year they are made. If the investor is under age 70 1/2 for the entire tax year and has earned income, he or she is eligible to establish a traditional IRA.

Roth IRA

The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. There are two requirements for eligibility to contribute to a Roth IRA: the investor must have earned income and the investor’s modified adjusted gross income cannot exceed certain limits.

Educational IRA

An interest bearing, tax deferred account for the purpose of saving money for education expenses.

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