CDs & IRAs
Traditional CDs and IRAs
Preparing for your financial security requires developing a plan. Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) offer safe and secure ways to achieve your plan while earning higher interest rates than traditional savings accounts. Explore your options and choose the right fit for you. You can count on the expertise of our specialists who are ready to guide you in the right direction.
| Certificates of Deposit (CD) | Traditional and Roth IRA Certificates of Deposit | |
|---|---|---|
| Minimum Balance to Open | $1,000 | $1,000 |
| Terms | Range from 91 days to 60 Months | Range from 91 days to 60 Months |
| Monthly Service Charge | None | None; no transaction or set-up fees |
| Earns Interest | Yes, with average daily balance of $1000 or greater. | Yes, with average daily balance of $1000 or greater. |
| Interest Accrual | Compounded daily, credited monthly | Compounded daily, credited monthly |
| Free Online Banking and Mobile Banking | Yes | Yes |
| Penalty for Early Withdrawal | Yes; amount of penalty based on term | Yes; amount of penalty based on term. Exception for required minimum distributions |
