CDs

 

3 Year or IRA CD Special

*Annual Percentage Yield (APY). $2,000.00 minimum to open and earn the APY.  APY is accurate as of 9/15/14.  Offer may be withdrawn at any time.  Funds may be new or existing money already on deposit at the Bank of New Glarus and Sugar River Bank Branches.  A penalty will be imposed for early withdrawal.  Fees may reduce earnings.  Offer is good for individual accounts only.  See bank representative for complete details.

 

Special IRA CD

With our IRA Special, plan your future on your terms.

 

3 Year Term: 1.20% APY*

4 Year Term: 1.40% APY

5 Year Term: 1.60% APY

 

*Annual Percentage Yield (APY) $2,000 minimum to open and earn the APY.  APY is accurate as of 2/1/15.  Individual Retirement Account (IRA).  Offer may be withdrawn at any time.  Funds may be new or existing money already on deposit at The Bank of New Glarus™ and Sugar River Bank Branches.  For a three-year term, a two-year early withdrawal penalty will be imposed.   For a four or five-year term, a three year early withdrawal penalty will be imposed.  Fees may reduce earnings.  Member FDIC insured up to $250,000.00.  Offer is good for individual accounts only.  See bank representative for complete details.

Certificate of Deposit (CD)

CD’s are time deposit accounts that have a set period of investment and a return depending on the rate at the time the initial deposit is made.

  • A choice of maturity terms generally ranging from 6 to 60 months
  • Competitive interest rates
  • Interest is compounded quarterly
  • Automatically renewed at current rates upon maturity to insure there is no loss of earnings
  • FDIC insured
  • $2000 minimum to open the account 

Certificates carry penalties for early withdrawals.

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Student Center CD

A time deposit account that has a set period of investment and a return depending on the rate at the time the initial deposit is made.  Two withdrawals are allowed per year without penalty for educational purposes.  Any other withdrawals will have a penalty.

  • Make additional deposits at any time
  • Parents, Grandparents, and Students can contribute to the Student Center CD
  • Interest rate is fixed for a 2 year term
  • Interest is compounded quarterly
  • $100 minimum to open account

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IRA CD

A time deposit account that has a set period of investment and a return depending on the rate at the time the initial deposit is made. 

A great way to save for a financially secure retirement.

We offer a range of retirement products – Traditional IRA’s, Roth IRA’s, CESA.

  • Contributions may be tax deductible*
  • Earnings grow tax deferred
  • Interest remains the same throughout the term of the certificate
  • Interest is compounded quarterly
  • $100 initial deposit to open an Add-On IRA
  • $2,000 initial deposit to open any other type of IRA CD

*Check with your tax advisor to see if you qualify for this benefit.

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