CDs & IRAs

Certificates of Deposit

Certificates of Deposit offer a great way to save for the future, a special project, or your retirement.

CDs Rates         August 28st, 2015 through September 3, 2015

Available Certificates Minimum Deposit Rates/APY*
 6 month certificates $1000 .11/.11
12 month certificates $1000 .22/.22
18 month certificates $1000 .33/.33
24 month certificates $1000 .44/.44
30 month certificates $1000 .55/.55
48 month certificates $1000 1.03/1.03
60 month certificates $1000 1.35/1.36
39 month special $5000   .79/.79

Individual Retirement Accounts

Traditional IRA

  • Tax deductible contributions (depending on income level)
  • Withdraws begin at age 59 ½ and are mandatory by 70 ½.
  • Taxes are paid on earnings when withdrawn from IRA.
  • Funds can be used to purchase investments.
  • Available to everyone; no income restrictions.
  • All funds withdrawn before 59 ½ are subject to 10% penalty (subject to exception).

Roth IRA

  • Contributions are tax deductible.
  • No mandatory distribution age.
  • All earning and principal are 100% tax free if rules and regulations are followed.
  • Funds can be used to purchase a variety of investments.
  • Available only to single-fliers making up to $95,000 or married couples making a combines maximum of $150,000 annually.
  • Principle contributions can be withdrawn any time without penalty (subject to some minimal conditions).

IRA Rates    August 28th, 2015 through September 3, 2015

Available Certificates Minimum Deposit Rates/APY*
12 month fixed $100 .22/.22
18 month fixed $100 .33/.33
24 month fixed $100 .44/.44
30 month fixed $100 .55/.55
48 month fixed $100 1.03/1.03
60 month fixed $100 1.35/1.36
18 month variable $100 .14/.14
     
     

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.