Certificates of Deposit (CD)

Early Withdrawal Provisions

• For a term of less than 1 year, the early withdrawal penalty is 3 months of interest on the amount withdrawn.
• For a term of 1 year to 1 ¾ years, the early withdrawal penalty is 6 months of interest on the amount withdrawn.
• For a term of 2 years or more, the early withdrawal penalty is 12 months of interest on the amount withdrawn.

Whether you are looking to transfer, rollover, or start a new retirement account, we offer several IRAs with the personal attention that makes banking simple and convenient.  We offer an IRA Access Savings for short term investments and Certificates of Deposit in terms of six months to eight years.

Traditional IRA

A Traditional IRA is a personal tax-favored savings account. It allows for tax-deductible contributions for most people. Earnings are not taxed until you begin to withdraw from your IRA.

Roth IRA

A Roth IRA is another form of personal tax-favored savings account. While contributions to your Roth IRA are not tax deductible, if certain conditions are met, withdrawals from your Roth IRA are tax-free and penalty free.