Certificates of Deposit
Our bank offers a variety of certificates of deposit to suit your investment needs. The certificates of deposit are offered at very attractive interest rates with low minimum balance requirements. Our knowledgeable investment center representatives will be happy to assist you in finding the investment that is right for you.
*The minimum balance for each CD is required to obtain the annual percentage yield.
Individual Retirement Account
A secure retirement begins with the foundation you build today. An Individual Retirement Account (IRA) is a great way to save for retirement.
A Traditional IRA is a personal savings account that allows for tax-deductible contributions for most people. In addition, earnings are not taxed until you begin to withdraw from your IRA. Contributions are limited to a specific dollar amount each tax year, depending on your age.
Roth IRA contributions are made with post-tax dollars, meaning you’re not able to deduct them from your taxable income. The benefit of contributing to a Roth IRA is in retirement, your withdrawals are not taxed at all. A Roth IRA may be a good choice if you’re in a lower tax bracket now than you’ll likely be in the future.
If you are retiring or changing jobs, you can avoid withdrawal penalties by transferring your employer held retirement assets into an IRA or other qualified plan. You can ask your employer to arrange for a “direct rollover” of your money into a new IRA account, or you can do it yourself with an IRA-to-IRA rollover.
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