CDs and IRAs

Certificates of Deposit

Balances earn higher competitive rates

  • $1,000.00 minimum to open
  • Automatic renewal
  • Interest can be added back to CD, paid by check, or deposited into another account.
  • Additional deposits may be made at the maturity of the CD
  • Penalty for early withdrawal
  • Complete disclosure given on account opening  

IRA-Traditional Individual Retirement Account

  • $100.00 minimum to open
  • Interest rate and annual percentage yield may change quarterly
  • Interest compounded daily and paid quarterly
  • Unlimited deposits into the account (IRS limits apply, consult your tax professional)
  • No minimum balance required to earn interest