Checking | Savings | Certificates of Deposit | Consumer Loans

Certificates of Deposit and IRAs

Certificate of Deposit

• $500 minimum balance to open account

• Terms range from 30 days to 5 years

• Consult a customer service representative for rates, withdrawal requirements and other details

Traditional IRA

• $100 to Open Account

• Under age 701/2 with earned income

• Contributions may be tax deductible

• Earnings tax deferred until withdrawn

• Withdrawals must begin at age 701/2 and may begin as early as 59 ½

Roth IRA

• $100 to Open Account

• Contributions are not tax deductible, instead earnings grow tax-free

• No required withdrawals

• No age limit on contributions as long as you have earned income