CDs and IRAs
Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) are two types of investment products we offer.
Investment Options and Advantages
Both CDs and IRAs can be important components of a diversified investment portfolio. CDs are a good choice for investors who want a low-risk investment with a guaranteed return, while IRAs can provide tax advantages and a wider range of investment options for retirement savings.
It's important to consider factors such as interest rates, fees and investment options when choosing between CDs and IRAs. Consult with our team to determine the best investment strategy for your individual needs and goals.
Features of CDs and IRAs Include:
- $1,000 minimum deposit to open.
- $10,000 minimum deposit to open 13-month CD.
- Interest is credited quarterly.
- Monthly or quarterly checks are available on amounts of $2,500.00 or higher.
- Terms of three months to 60 months.
- Other terms or specials may also be available.
- Subject to early withdrawal penalty.
- Automatically renews at maturity.
CD and IRA Options
| Term | Compounding | Regular | Companion | IRA | Jumbo (CDRS) |
|---|---|---|---|---|---|
| 3 Month | Maturity | Yes | Yes | Yes | |
| 6 Month | Maturity | Yes | Yes | Yes | Yes |
| 12 Month | Monthly | Yes | Yes | Yes | Yes |
| 24 Months | Monthly | Yes | Yes | Yes | Yes |
| 36 Months | Monthly | Yes | Yes | Yes | Yes |
| 48 Months | Monthly | Yes | Yes | Yes | Yes |
| 60 Months | Monthly | Yes | Yes | Yes | Yes |
| Specials | |||||
| 1 | Monthly | Yes | Yes | Yes | |
| 2 | Monthly | Yes | Yes | Yes | |
| 3 | Monthly | Yes | Yes | Yes |
