CDs and IRAs

Certificates of Deposit

Birthday

  • Minimum Deposit is $1,000 for a period of 12 months

  • Available for Prime Time members, individuals 55 years of age or older, and must be opened during their birthday month

  • Better interest rate

  • Dividends are posted at maturity

Regular

  • Minimum Deposit is $1,000 for a period of 6, 12, 24, 36, 48, and 60 months

  • Fixed Interest Rate

  • Dividends are posted at maturity

IRAs

Accumulative

  • Open with $25.00

  • Account is subject to interest rate changes and has no maturity

  • Dividends are compounded and posted quarterly

  • Quarterly fee accessed for Traditional and Roth IRA accounts. Please refer to Fee Schedule for current fee amount.

Traditional IRA

  • Choose this IRA if you want a tax deduction now and expect to be in a lower tax bracket when you retire

Roth IRA

  • Choose this IRA if you don't need a tax break now

Coverdell ESA

  • Start an educational saving for a child