Rates are Effective thru January 22nd, 2020

Certificates of Deposits (CDs)

• Flexible terms from 91 days to 60 months
• Guaranteed interest rate for the term
• Interest earned can be transferred to an account of your choice
• Automatic renewal at maturity
• $500.00 to $2,500.00 minimum deposit depending on term
• Penalty for early withdrawal

* – Interest compounded quarterly

Dollars for A’s

We want to encourage our young students to maintain high academic achievement and also plan for the future.

Our dollars for A’s program

• For students through grade 12
• 12 months Certificate of Deposit
• Guaranteed interest rate for the term
• Interest compounded
• Automatic renewal at maturity
• $50.00 minimum deposit
• May deposit any amount at any time
• Present report card within 10 days and receive $1.00 for each academic A

Individual Retirement Accounts (IRAs)

• Retirement account
• Connected to any of our Certificate of Deposit accounts
• Terms, rates and conditions of Certificate of Deposits apply except CD specials.

Traditional IRA

If you qualify, you may contribute up to 100% of your earned income or $5,000.00 whichever is less. If you over 50 years of age you may contribute up to $6,000.00 All earnings may be tax deferred until you make withdrawals.

Roth IRA

If you qualify you may contribute up to 100% of your earned income or $5,000 whichever is less. If you are over 50 years of age, you may contribute up to $6,000. In order for earnings to be tax free, you must first meet a five-year holding period. After that, any earnings you withdraw for a qualified distribution reason are income tax free and penalty tax free.