Certificate of Deposit

Earn a higher interest rate for locking in your funds for a set term. With our range of certificate of deposit (CD) options, you can choose the term that best fits your financial goals, whether it's a few months or several years. By committing to saving with us, you'll enjoy the peace of mind that comes with knowing your money is working harder for you. Plus, with competitive rates and the security of FDIC insurance, you can confidently watch your savings grow over time. Explore our CD offerings today and take the next step towards a brighter financial future.

• Flexible terns from 91 days to 60 months
• Automatic renewal option
• Insured
• Competitive rate of return

IRAs

Individual Retirement Accounts, or IRAs, are basically savings plans with big tax breaks, making it an ideal way to save for your retirement. There are several different types of IRAs, including Roth IRAs, Traditional IRAs, SIMPLE IRAs, and SEP IRAs, each with their own tax implications and eligibility requirements.

What's the difference between a Traditional IRA and a Roth IRA?

Traditional IRA – The traditional IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which you make them.

The Roth IRA - allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from traditional IRA.

For further information please call one of our Personal Bankers at 918-251-5371.