Regular CD

With a CD, you can pick the term and rate that best suits your financial plans. Here are the options:

Don’t have a lot of money to put away right now? Don’t let that stop you from starting to save for the future. All it takes is just $300 with our Start ‘N Grow CD. Here’s how it works:

• You deposit a minimum of $300 into a CD with a term of 24 months.
• We help you set up a monthly automatic transfer of at least $50 (and no more than $300) from your checking or savings.
• You cannot withdraw the funds during the 24 months term without being charged a penalty (an incentive for you to save).
• At the end of the 24 month term, if you do nothing, the certificate will automatically renew into another 24 month certificate.

Ask any of our staff for more information on this certificate or any of our other certificate options.

Traditional IRA

A Traditional IRA certificate is used for money that has not yet been taxed (pre-tax dollars). Your pre-tax dollars grow and compound without being taxed until the day that you withdraw them. You can begin withdrawing the funds at age 59 ½ and will be required to begin making annual withdrawals, sometimes called “required minimum distributions” the year in which you turn 70 ½. Most of our regular CD rates and terms apply to traditional IRAs as well.

Roth IRA

A Roth IRA certificate is one that is used for money that has already been taxed, but the earnings will grow tax free. In other words, any money contributed and any dividends earned on that money will never be taxed. A person can withdraw part or all of the funds beginning at age 59 ½. Most of our regular CD rates and terms apply to Roth IRAs as well.