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CDs & IRAs

Certificate of Deposits (CDs) are available with fixed or variable rates and have terms of maturity ranging from 90 days to 7 years. 

Individual Retirement Accounts (IRAs) allow you to make contributions to reach financial security for your retirement. There are numerous types of IRA’s, each of which comes with its own benefits and guidelines. Traditional, ROTH, SEP, and Simple IRA plans available. Terms  range from 6 months to 7 years with fixed and variable rates. *

Additional educational information on IRAs and CDs available on our Financial Wellness Center.

*Please consult your tax advisor for specific cases.


Addtional Details on IRAs

Individual must have earned income for the year they are making their IRA contribution. Individual must be under the age of 70 1/2  in the year they wish to make a contribution. 
  • FDIC Coverage up to $250,000.00 per individual per institution.
  • Higher rates than a savings account
  • No annual fees 
  • Possible tax benefits.
  • Choice between fixed rate or variable rate product.
A tax-advantaged personal savings plan where contributions may be tax deductible.
A tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free.
A Savings Incentive Match Plan for Employees set up by an employer. Under a SIMPLE IRA plan, employees may choose to make salary reduction contributions, and the employer makes matching or nonelective contributions.
A Simplified Employee Pension plan set up by an employer. Contributions are made by the employer directly to an IRA set up for each employee.











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