CD Accounts and IRAs

Both certificates of deposit (CD Accounts) and individual retirement accounts (IRAs) are low-risk investments for building your savings.

Certificates of Deposit

A certificate of deposit is a popular way to save. Your high CD account rates are guaranteed over the term of the CD, which can range from six months to five years*. CDs are for savers who can keep their money on deposit for set time periods, thereby gaining the maximum return on their savings.


  • $500 minimum deposit to open
  • No monthly service charge
  • Interest earned may be withdrawn at any time without penalty
  • At maturity, funds may be added, terms may be changed and partial withdrawals are permitted
  • As with most CDs, there will be a penalty for early withdrawal
  • Free telephone and internet banking (inquiries only)
  • Fully insured by a combination of the FDIC and the DIF

IRA Accounts

An individual retirement account allows you to save for your retirement by receiving a higher rate of interest with the safety of FDIC and DIF insurance. There are two IRA plans to choose from: Traditional IRA and Roth IRA. Please contact your tax advisor to determine the best plan for you.


  • Available terms: 6 months – 5 years*
  • $500 minimum deposit to open
  • Guaranteed interest rate for the term of the certificate
  • Funds may be added at maturity
  • Free telephone & internet banking (inquiries only)

* As with most IRAs, there is a penalty for early withdrawal