Cumberland Bank & Trust - A customer service-oriented community bank, serving Montgomery County & Clarksville, Tennessee.

CDs and IRAs

Certificates of Deposit

  • Terms from 6 months to 5 years
  • Minimum deposit of $1,000 to open account and earn Annual Percentage Yield
  • Interest can be transferred to checking or savings, added to CD balance or paid by check
  • Substantial penalty for early withdrawal
  • Fees may reduce earnings on the account
 

Individual Retirement Accounts

  • Traditional, Roth or SEP IRAs available
  • CD and/or savings account option
  • $250.00 minimum to open savings and earn Annual Percentage Yield
  • $1,000 Minimum to open CD and earn Annual Percentage Yield
  • Contributions and interest earnings may have tax benefits.  Consult your tax advisor to see which type of IRA suits your needs
  • Substantial penalty for early withdrawal
  • Fees may reduce earnings on the account

 

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