Consumer CDs and IRAs

We offer both individual and commercial banking.

Certificates of Deposit (CD)

Requirements:

  • Minimum balance to open is $1,000.
  • Available to consumer and commercial customers.

Benefits:

  • No monthly service charges.
  • Higher rates than savings accounts.
  • Wide range of investment terms (3 months through 5 years).
  • Competitive interest rates.
  • Certainty of knowing the return on your investment.

Costs:

Penalty for early withdrawal.


Individual Retirement Accounts (IRA)

Requirements:

  • Minimum balance to open is $1,000.
  • Available to individuals under age 70 ½ who have earned income.

Benefits:

  • No monthly service charges.
  • Wide range of investment terms (12 months through 5 years).
  • Competitive interest rates.
  • Certainty of knowing the return on your investment.
  • Earnings are tax deferred.
  • Principal can be tax deductible.

Costs:

Penalty for early withdrawal.