CD Options
With numerous types of CDs and account maturities to choose from, there is sure to be a solution for you.
- 9, 12 and 24-month CDs- standard CDs that receive competitive interest rates (see rate table below)
- GIFT CD- GIFT CD- give the gift of financial peace of mind with a GIFT CD. If you are gifting this account to a child, it will mature the day the child graduates from high school; for an adult, the maturity is set 10 years from opening. When the CD matures, it will not automatically renew.
- Freedom CDs- a CD with a three-year term that comes with the freedom to bump the rate once during the term.
IRA Options
To help cater to the various types of individuals in our communities, we offer a number of individual retirement accounts:
- Traditional IRAs
- Roth IRAs
- SIMPLE IRAs
- Simplified Employee Pension Accounts (SEP IRA)
- Coverdell Education Accounts
Depending on your specific needs and financial situation, our IRA specialists can help you discover the best solution for you.
Special Rates
| Minimum Opening Deposit | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
3 Month CDa,c | |||
$1,000 | $1,000 - $24,999.99 $25,000.00 and up | 5.00% 5.10% | 5.10% 5.20% |
12 month CDa,c | |||
$1,000 $25,000 | $1,000 - $24,999.99 $25,000 and up | 4.52% 4.62% | 4.60% 4.70% |
CD Rates
We strive to offer competitive rates on all of our time deposit accounts.
| Minimum Opening Deposit | Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
9 Month CDa | |||
| $5,000.00 | $5,000.00c | 4.97% | 5.00% |
18 Month CDa | |||
| $1,000.00 | $1,000.00c | - | - |
| $1,000 – 24,999.99 | 4.18% | 4.25% | |
| $25,000 – and up | 4.28% | 4.35% | |
24 Month CDa | |||
| $1,000.00 | $1,000.00c | - | - |
| $1,000.00 – 24,999.99 | 3.94% | 4.00% | |
$25,000.00 – and up | 4.04% | 4.10% | |
Freedom CDa,b (3-Year Variable Rate) | |||
| $500 | $500c | - | - |
| $500 – 24,999.99 | 3.70% | 3.75% | |
| $25,000 – and up | 3.80% | 3.85% | |
G.I.F.T. CDa,b | |||
| $25.00 | $25.00c | - | - |
| $25 – 24,999.99 | 3.89% | 3.96% | |
| $25,000 – 50,000 | 4.09% | 4.17% | |
3-Year IRA, Freedom CDa,b (Variable Rate) | |||
| $2,500 | - | - | - |
| $100 – 24,999.99 | $100c | 3.70% | 3.75% |
| $25,000 – and up | - | 3.80% | 3.85% |
a) A penalty may be imposed for early withdrawal.
b) The interest rate and annual percentage yield may change after account opening.
c) Daily balance. The amount of the principal in the account each day.
Fees could reduce the earnings on the account.
Interest Rates and Annual Percentage Yield are current as of February 6, 2024. For further rate information call (641) 939-3407.