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CDs & IRAs
Bank of Ripley
This Account Is For You If...
Minimum Opening Balance
Service Fees
Special Features
Certificates of Deposit
You want to earn more interest on your money.
$1,000.00
Early withdrawal penalty depending on the term.
Can be used as a short or long term investment. Flexible payment of interest. Can be used as collateral for a loan.
Savers Advantage
You want to earn more interest but don't yet have enough for a CD. This account can be added to at any time.
$500.00
Early withdrawal penalty.
Customer can save at his or her own pace while earning more interest than a regular passbook savings account.
Educational IRA
You wish to save money for educational expenses.
$100.00
Early withdrawal penalty.
Easy way to help with college expenses. Transfers are flexible. Earnings are non-taxable. Funds can be passed on to another child.
ROTH IRA
You want to begin saving for retirement to supplement Social Security while earning interest tax-free.
$100.00
Early withdrawal penalty.
Available for short and long term investments. Great way to save for retirement.
Traditional IRA
You wish to save for your retirement years while obtaining tax benefits today.
$100.00
Early withdrawal penalty.
Available for short and long term investments. Great tax deferral vehicle for saving for retirement.
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