Certificates of Deposit (CDs)
- $1,000 minimum deposit required. Penalties apply for early withdrawal.
- Interest can be paid to the customer quarterly, or can be compounded to the certificate quarterly.
Individual Retirement Account (IRAs)
Reduce your tax liability on your invested funds.
Traditional IRA
The traditional IRA is an account that allows the investor to defer taxes on earnings until funds are withdrawn. Certain contributions are tax deductible in the year they are made. If the investor is under age 70 ½ for the entire tax year and has earned income, he or she is eligible to establish a traditional IRA.
Roth IRA
The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. There are two requirements for eligibility to contribute to a Roth IRA: the investor must have earned income and the investor’s modified adjusted gross income can not exceed certain limits.
Need help?
Contact one of our friendly customer service representatives at one of our locations. They will be happy to help you find the account or service that's right for you.