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: $1,000
  • Terms: 30 days to 5 years or more
  • Monthly Maintenance Fee: None
  • Withdrawals: Penalty for early withdrawal

IRAs

IRAs can be either Flex Money Market accounts or 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
  • Monthly Maintenance Fee: None
  • Withdrawals: Penalty may apply
  • See Schedule of Fees for other possible charges