Individual Retirement Accounts (IRA)
An Individual Retirement Account that allows individuals to save and invest for retirement
Requirements
- $500.00 minimum deposit to open
- $100.00 minimum periodic deposits
Benefits
- Pays a very competitive rate
- Tax deferred savings*
- Free Mobile Banking
*You should consult a qualified tax professional in regards to tax deferred savings and your specific circumstance
Certificate of Deposit (CD)
CDs are a great way to earn interest on your money. There are many different rates and maturities to choose from.
Requirements
- Minimum opening balance starting at $1,000.00
- No additional deposits, with the exception of the 24 month option CD which allows a $1,000 minimum deposit once per month
- No withdraws without penalty from account until maturity
- 91 day, 6 month , and 12 month CD’s require a $2,500 minimum opening balance
Benefits
- Interest bearing account
- Money is secure
- Free Mobile Banking