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         April 18,  2014 through April 24,  2014

Available Certificates Minimum Deposit Rates/APY*
 6 month certificates $1000 .15/.15
12 month certificates $1000 .25/.25
18 month certificates $1000 .35/.35
24 month certificates $1000 .45/.45
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  • Taxes are paid on earnings when withdrawn from IRA.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  • All funds withdrawn before 59 ½ are subject to 10% penalty (subject to exception).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  • Principle contributions can be withdrawn any time without penalty (subject to some minimal conditions).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     April 18,  2014 through April 24,  2014

Available Certificates Minimum Deposit Rates/APY*
12 month fixed $100 .25/.25
18 month fixed $100 .35/.35
24 month fixed $100 .45/.45
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 .07/.07
     
12 month fixed (Education IRA)   .25/.25