CDs and IRAs
All Certificates of Deposit are FDIC insured.
Certificates of Deposit
There's new interest in our Guaranteed CD. Our 13 month CD is guaranteed to renew at the original interest rate for another 13 months - even if the interest rates drop. And, if rates increase, you automatically get the higher interest rate.
We also offer a full line of standard CDs from 3 months to 5 years. Visit the current interest rate page for more information. Our CDs are always in your best interest.
Traditional IRA
With a traditional IRA account, contributions may be tax deductible. Your earnings are tax deferred until you begin withdrawing funds, as early as age 59½.
Roth IRA
Unlike a traditional IRA account, your contributions to a Roth IRA are not tax deductible. However, your earnings are tax-free when you begin making withdrawals.
Open IRA account at any one of our locations.
Expanded FDIC Insurance on CDs
In addition to the recently expanded FDIC insurance coverage to $250,000, we offer CDARs.
CDARS* is the Certificate of Deposit Account Registry Service®. It’s the convenient way to have FDIC insurance on all your deposits. Even with the increased FDIC coverage, you may need CDARs.
- One Bank – everything is handled through our Bank. Your deposits are broken into smaller amounts. FDIC-insured banks that are members of a special network issue CDs in lower amounts so that your entire investment is eligible for FDIC insurance.
- One Rate – earn one rate on your investment. Although one large CD may be divided into smaller CDs, they will all earn the same rate.
One Statement – receive one regular account statement listing all of your CDs, along with issuing banks, maturity dates, interest earned and other details. With CDARS*, all tracking is done for you.
*CDARS: Funds may be submitted for placement only after a depositor has signed a Deposit Placement Agreement with a member bank. This agreement contains important information and conditions regarding the placement of funds by a member bank. CDARS is a service mark of Promontory International Network, LLC.