Certificates of Deposit (CD)
Earn a higher interest rate with our CD options. When your term is up, choose to automatically renew at a new rate, add to the balance, change the term, or withdraw the funds.
FEATURES
- Terms from 3 months to 5 years
- Interest earned may be withdrawn at any time, transferred to another account, or mailed directly to you
- Renewal notice will be mailed prior to CD maturity
- $1,000 minimum deposit to open
Check out the current rates.
Substantial penalty for early withdrawal.
The 7-Day CD
This CD option allows you to invest your money for seven days instead of a longer term. This gives you the flexibility to make deposits and withdrawals weekly, if necessary.
FEATURES
- Every seven days you can: make deposits, make withdrawals,* or simply let it roll over for another seven days
- $1,000 minimum deposit to open
Check out the current rates.
*Substantial penalty for early withdrawal.
Traditional IRA
Save for retirement while taking advantage of tax benefits and earning a better return on your money. Contribute pre-tax income to the account and defer taxes on your earnings until you begin withdrawing funds during retirement. Save up to the IRS contribution limit each year and, if you’re age 50 or older, you can contribute an extra $1,000 each year!*
FEATURES
- Terms from 6 months to 5 years**
- Interest earned is tax deferred until withdrawn***
- Annual contributions may be tax deductible*
- Contributions from earned income may be made at any age*
- Distributions must begin the year you attain age 73
*Certain restrictions may apply. Consult your tax advisor.
**Some CD rates are also available for Individual Retirement Accounts (IRAs) with a minimum balance of $1,000.00. IRAs are NOT available through online account opening. IRAs are NOT available for a term of less than 6 months.
***Substantial penalty for early withdrawal.
Roth IRA
Interest earnings on Roth IRA contributions are tax-deferred and may be withdrawn tax-free if the IRA owner meets requirements. Save up to the IRS contribution limit each year and, if you’re age 50 or older, you can contribute an extra $1,000 each year!* Plus, contributions may even be made if you are currently enrolled in a qualified employee pension plan.*
FEATURES
- Terms from 6 months to 5 years**
- Contributions from earned income may be made at any age*
- Annual contributions are not tax deductible
- Distributions are tax- and penalty-free once you’ve reached age 59 1/2 and have been in the plan for at least 5 years***
*Certain restrictions may apply. Consult your tax advisor.
**Some CD rates are also available for Individual Retirement Accounts (IRAs) with a minimum balance of $1,000.00. IRAs are NOT available through online account opening. IRAs are NOT available for a term of less than 6 months.
***Substantial penalty for early withdrawal.
