Certificate of Deposit

CDs are FDIC-insured, providing you with added security. When you invest in a certificate of deposit (CD), you invest your savings for a specific period of time and we guarantee your interest rate during this period. A CD is a great fit when you don't need immediate access to your funds and want a predictable rate of return.

• Features: Interest compounded daily and credited monthly, deposited in another designated account, or paid by check
  
• Opening Deposit: $5,000
• Terms: 30 days to 5 years or more
• Service Charge: None
• Withdrawals: Penalty for early withdrawal

IRAs

IRAs are Certificate of Deposit. IRAs have many special benefits and requirements. Individual Retirement Account (IRA) allows retirees to shelter lump-sum distributions from taxation until age 70 1/2. Any income earned also accumulates tax-free in the Rollover IRA until withdrawal. 

• Features: IRAs are Certificate of Deposit
• Opening Deposit: IRAs have many special benefits and requirements. Ask us.
  
• Terms: Varies
• Service Charge: None
• Withdrawals: Penalty may apply
• See Schedule of Fees for other possible charges