CDs and IRAs

Certificates of Deposit

We are committed to providing quality investment products at competitive rates. The funds you deposit with us are reinvested into the local community.

Purchasing a CD is an excellent way to save money. They historically pay higher interest rates than your typical savings account.

We have a wide variety of maturities available and offer competitive market rates. Please contact the location nearest you.

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Traditional IRA

A traditional IRA offers you the benefit of tax-deferred compounding by allowing you to postpone paying taxes on your earnings until you make withdrawals. Because IRA earnings grow and compound each year without being reduced by current taxes, you can build assets more rapidly than you would in a taxable account. In addition, your annual IRA contributions may be deductible in many cases. Because of new expanded tax laws, more people are eligible for tax deductions from IRA contributions and ceilings for deductions are higher than ever before. Ask your tax representative for specific details.

If you are interested in this type of an account, please come in and visit with one of our friendly customer service representatives.

TurboTax

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Roth IRA

The Roth IRA is funded with AFTER TAX dollars. So what are the benefits of placing already-taxed income into an IRA? Account earnings are compounded tax-free. Best of all, when you retire, you can give yourself a paycheck drawn on your Roth IRA, with no tax withholdings. The Roth IRA doesn't just defer taxes, it eliminates them. Unlike the Traditional IRA, there is no age limit on making contributions. You simply need to have earned income. (There are some restrictions. For specific details ask your tax representative.)

If you are interested in this type of an account, please come in and visit with one of our friendly customer service representatives.

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Educational IRA

An Education IRA is an investment tool created for the purpose of paying for the future cost of a child's post-secondary education. The plan allows after-tax contributions for each child until they reach the age of 18. These contributions and their subsequent earnings are tax free when withdrawn to pay for qualified education expense! Ask your tax specialist for details.

If you are interested in this type of an account, please come in and visit with one of our friendly customer service representatives.

Additional disclosures

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