Secure Your Future with Smart Investments
We offer a variety of Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) to help you secure your financial future. Our investment options come with attractive interest rates and flexible terms to meet your unique needs. Explore our offerings below and find the best fit for your financial goals.
Certificates of Deposit (CDs)
| Term | Minimum Balance | Compounding Frequency | Penalty for Early Withdrawal |
|---|---|---|---|
| 91 Day | $1,000 | Quarterly | 90 days loss of interest |
| 182 Day | $1,000 | Semi-Annually | 90 days loss of interest |
| 12 Month | $500 | Semi-Annually | 90 days loss of interest |
| 18 Month | $500 | Semi-Annually | 180 days loss of interest |
| 24 Month | $500 | Semi-Annually | 180 days loss of interest |
| 36 Month | $500 | Semi-Annually | 180 days loss of interest |
| 42 Month | $500 | Semi-Annually | 180 days loss of interest |
| 42 Month with a one-time interest rate change allowed | $10,000 | Semi-Annually | 180 days loss of interest |
| 48 Month | $500 | Semi-Annually | 180 days loss of interest |
| 60 Month | $500 | Semi-Annually | 180 days loss of interest |
| 24 Month Burial | $500 | Semi-Annually | No penalty upon death of owner |
*The minimum balance for each CD is required to obtain the annual percentage yield.
*Fees could reduce earnings.
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Individual Retirement Account
Traditional IRA
A Traditional IRA is a personal savings account that allows for tax-deductible contributions for most people. Earnings are not taxed until you begin to withdraw from your IRA. Contributions are limited to a specific dollar amount each tax year, depending on your age.
Roth IRA
Roth IRA contributions are made with post-tax dollars, meaning you’re not able to deduct them from your taxable income. The benefit of contributing to a Roth IRA is that in retirement, your withdrawals are not taxed at all. A Roth IRA may be a good choice if you’re in a lower tax bracket now than you’ll likely be in the future.
IRA Rollover
If you are retiring or changing jobs, you can avoid withdrawal penalties by transferring your employer-held retirement assets into an IRA or other qualified plan. You can ask your employer to arrange for a “direct rollover” of your money into a new IRA account, or you can do it yourself with an IRA-to-IRA rollover.
| Type | Minimum Balance | Compounding Frequency | Penalty for Early Withdrawal |
|---|---|---|---|
| IRA Fixed Rate | $500 | Semi-Annually | 180 days loss of interest, no penalty after age 59 ½ years |
| IRA Variable Rate | $100 | Semi-Annually | 180 days loss of interest, no penalty after age 59 ½ years |
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Ready to Secure Your Future?
Our knowledgeable investment center representatives are here to assist you in finding the investment that is right for you. Contact us today to get started.