CDs & IRAs

Account 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.
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. $1000.00 Early withdrawal penalty.
  • Available for short and long term investments
  • Great tax deferral vehicle for saving for retirement.

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