CD & IRA Comparison Chart

CD and IRA Investments

Regular Certificates

IRA Certificates & Savings

Earn market rates for a fixed period of time.

$500 minimum balance to open.

The interest rate is fixed.

Interest is compounded quarterly and can be credited to your certificate.

Interest is also available by check or can be credited to another account at our bank.

The smart investment for retirement planners.

Various fixed terms are available; or choose a variable-rate savings account.

Interest is tax-sheltered until withdrawn.

Certificate interest is compounded quarterly and credited to your account.

Savings interest is compounded monthly and credited to your account.

Full tax deductions for contributions up to prescribed IRS limits are permitted for non-active participants in employer-sponsored retirement programs. Active participants can claim partial deductions for contributions if they are within certain income levels.

Simplified Employment Pensions (SEP) are available for the self-employed.

Special Certificates

Earn high rates on deposits of $100,000 or more.

Terms range from 7 days to 365 days.

Your investment will grow at a fixed rate for a fixed term.

Penalties for early withdrawal on Certificates of Deposit and Individual Retirement accounts are described in detail in the Deposit Account Agreement.