Certificate of Deposit (CD)
Minimum Deposit to Open: $2,500
Service Charge: Early withdrawal penalties apply
Comments:
- 7-31 Days
- 3 month
- 6 month
- 12 month
- 18 month
- 24 month
- 36 month
- 48 month
- 60 month
Individual Retirement Account (IRA)
Minimum Deposit to Open: $500
Service Charge: Early withdrawal penalties apply
Comments:
- IRA’s are available for long term investments.
- Great tax deferral vehicle for saving for retirement.
Roth IRA
Minimum Deposit to Open: $500
Service Charge: Early withdrawal penalties apply
Service Charge: Early withdrawal penalties apply
Comments:
- IRA’s are available for long term investments.
- Valuable future tax-free income in retirement.
Educational IRA
Minimum Deposit to Open: $500
Service Charge: Early withdrawal penalties apply
Service Charge: Early withdrawal penalties apply
Comments:
- Educational IRA's are available to help with college expenses.
- Transfers are flexible.
- Earnings are non-taxable.
- Funds can be passed on to another child.