Certificates of Deposit & IRAs
Certificates of Deposit
You must deposit $1,000.00 to open this account. After the account is opened, you may not make deposits into or withdrawals from this account until the maturity date. Most certificates will automatically renew at maturity; however, renewal options for some certificates may vary depending on certificate type. For certificates automatically renewing, you will have 10 calendar days from maturity date to withdraw your funds without being charged a penalty. Interest will be compounded & credited to your account every quarter. Contact our New Accounts Department for detailed information on our Certificates of Deposit.
Individual Retirement Accounts (IRAs)
You must deposit $100.00 to open this account. Unless otherwise specified, you may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date. This account will automatically renew. You will have ten calendar days after the maturity date to withdraw funds without penalty. If you do not withdraw the funds, each renewal term will be for an identical period of time as the original term. We offer both fixed rate and variable IRA accounts that include Simple, Roth, Traditional, and Coverdell account types. Contact our New Accounts Department for detailed information on our Certificates of Deposit.
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