Certificates of Deposit
Ideal investment account insured by the F.D.I.C. for investors seeking a higher rate of interest for a fixed term and may also be used for I.R.A.’s (Individual Retirement Accounts).
- Term deposits
- Customer selects term from 91 days to 60 months
- Minimum deposit may be required
- May be used for Individual Retirement Accounts (I.R.A.)
- Annual percentage yield according to term of certificate
- Ask for our Truth-in-Savings Disclosure for the terms and conditions
- Early withdrawal penalty if principal is withdrawn before the maturity date
Individual Retirement Accounts
A flexible savings for retirement insured by F.D.I.C. with many options for you to choose from:
- Free of annual fees
- Traditional, Roth & Coverdell Educational IRA’s available
- You choose a Certificate of Deposit with minimum balance of $500.00
- If you have less than $500.00 (The minimum balance for Certificates of Deposit), select our I.R.A. Variable Rate Passbook Account.
- Investment terms from 6 months to 60 months
- You choose the term at renewal
- No bank penalties for regular distributions (There may be Federal IRS taxation penalties for withdrawals)
- Ask for our Truth-In-Savings Disclosure for the certificate terms and conditions
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