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Let Your Money Work for You

Certificates of Deposits offer a steady dividend fixed rate for a fixed length of time and are best if you don’t need access to your money right away.

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What is a Certificate of Deposit?

Want a simple way to grow your savings faster than a typical savings account? Then, you want a certificate of deposit, commonly known as a CD. CDs are a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a low-risk way. Let’s talk.

What is an Individual Retirement Account?

Wondering how to save for retirement? Individual Retirement Accounts (IRAs) are great long-term savings options. Almost anyone with earned income can open an IRA, which may offer important tax advantages that could help you save more for your future. Let’s talk and see how an IRA can benefit you.

Please contact one of our Branches or the Internal Revenue Service’s website for further details on IRAs including eligibility, distributions, contribution limits, reporting requirements, and other possible restrictions. You may also consult your financial or tax advisor to see how an IRA could benefit you.

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Should I get a CD or an IRA?

An Individual Retirement Account (IRA) is considered an individual savings and investment account that has tax benefits. A CD, on the other hand, is a savings instrument that pays a specified interest rate over a defined period of time. You can choose a CD as one of the investments in an IRA. Let’s talk and see how opening an IRA, a CD, or both can benefit you.

Contact Us With Questions

TermMinimum BalanceAPY*
91 Days$2,5000.75%1
6 Months$2,5000.95%1
1 Year$1,0001.20%2
15 Months$5,0003.50%2
21 Months$5,0003.75%2
2 Year$1,0002.10%2
4 Year$1,0002.35%2
5 Year$5,0002.35%2
6 Year$1,0002.60%2

CD Rates

Calculate the insurance coverage of all types of deposit accounts with FDIC’s Electronic Deposit Insurance Estimator (EDIE) including:

  • Checking Accounts
  • Savings Accounts
  • Money Market Deposit Accounts (MMDAs), and
  • Certificates of Deposit (CDs)

Rates subject to change at any time.

*Annual Percentage Yield

IRA Rates**

All of the above Certificates of Deposit are available in IRAs 1The annual percentage yield (APY) assumes that the initial deposit and interest is rolled over for a year’s time. A withdrawal will reduce earnings. 2The annual percentage yield (APY) assumes that the interest remains on deposit until maturity. A withdrawal will reduce earnings. A penalty may exist for early withdrawal on all Certificates of Deposit accounts and IRAs.

*Annual Percentage Yield

**Consult with a tax professional to
learn how an Individual Retirement Account can affect your tax liabilities.

TermMinimum BalanceAPY*
18 Month Fixed$1003.50%2