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