CDs

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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