Personal Banking

Certificates of Deposit & 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  • Earnings tax deferred until withdrawn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

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