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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