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CD & IRA Accounts

The best thing to invest in is you! Our investment options have you in mind. Get the security and flexibility you want while maximizing your return. Make your money work harder for you and get a guaranteed rate of return with a Certificate of Deposit (CD). Choose from multiple term options depending on your savings goal and timeline. Ensure the retirement lifestyle you desire by starting your Individual Retirement Account (IRA) today. Check out our Personal Deposit Interest Rates!
 
Retiring soon? Contact a Personal Banker for help with rolling over your pension or 401K funds. 


 CD ira cd 24 month ira passbook variable rate Ira
Deposit Requirements $1,000 or more $1,000 or more¹ $100 or more¹ No Minimum¹
Available Terms (months) 3, 6, 12, 24,
36, 48, 60		 3, 6, 12, 24,
36, 48, 60		 24  No Maturity
Automatically Renewable Checkmark icon Checkmark icon Checkmark icon No Maturity
Automatic Deposits Allowed No No Checkmark icon Checkmark icon
Roth or Traditional IRA  No Checkmark icon Checkmark icon Checkmark icon
Coverdell ESA  No Checkmark icon Checkmark icon Checkmark icon
FDIC Insured up to applicable limits  Checkmark icon Checkmark icon Checkmark icon Checkmark icon

Traditional Individual Retirement Account (IRA):

A Traditional IRA2 allows you to save for retirement while deferring taxes on your principle and earnings until they are withdrawn. Contributions you make to a Traditional IRA may be fully or partially tax deductible. Please consult your tax advisor as to which type of IRA best fits your needs.
 

Roth Individual Retirement Account (IRA):

 A Roth IRA2 offers tax-free income in retirement. Although there is no up-front tax deduction for Roth IRA contributions, distributions are tax-free when you follow the rules. Roth IRAs make the most sense if you expect your tax rate to be higher during retirement than your current rate. You can contribute to a Roth IRA at any age if you have earned income from a job. Please consult your tax advisor as to which type of IRA best fits your needs.
 

Coverdell Education Savings Account (ESA):

 A Coverdell ESA3 is an investment account that can only be used to save for qualified Elementary, Secondary, or College Education expenses. The designated beneficiary must be under 18 years of age or be a special needs beneficiary and can be used until a child reaches 30 years of age. Upon that time, it may be transferred to another eligible family member who is under 30 years old. Deposits to a Coverdell ESA are not tax deductible and may only be made before the child turns 18 years of age. There's no limit to the number of accounts that can be established for a particular beneficiary; however, the total contribution to all accounts on behalf of a beneficiary in any year can't exceed $2,000 and contributors must contribute by the due date of their tax return (not including extensions). For more information on Coverdell ESAs, refer to www.irs.gov/taxtopics/tc310.html, and/or www.savingforcollege.com.
 
¹Subject to earned income.
²Certain IRS restrictions apply to deposit accounts. IRA accounts cannot be a joint account. Withdrawals before age 59-1/2 may be subject to IRS penalties.
3ESA accounts cannot be a joint account.
Certificates of Deposit and 24 Month IRA are subject to early withdrawal penalties.