CERTIFICATE OF DEPOSITS 
When considering long term savings you will want to consider a Certificate of Deposit. The term of maturity can range from seven days to seventy-eight months. Interest can be paid monthly, quarterly, semi-annually, annually, at maturity by check, compounded to face, or deposited into another account. All certificates are subject to early withdrawal penalties. Click here for our rates. 
 
INDIVIDUAL RETIREMENT ACCOUNTS 
The Individual Retirement Account is a long term savings plan which offers special tax advantages. Earnings on your deposits remain tax deferred until you make withdrawals. Consult your tax adviser for determination of complete tax benefits. See our deposit rates. 
 
Each year you are eligible to contribute up to 100% of your compensation or $5,500.00, whichever is less. There are individual and spousal accounts available. The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 allows for “catch-up” provisions for those who attained age 50 or older by the end of their taxable year. The following shows the amounts allowed. Click here for our rates. 
 
             Tax Year                           Catch-up Amount 
2006 and thereafter                     $1,000 
 
Types Available 
Certificates of Deposit 
Passbook IRA Savings 
 
Plans Available 
Traditional 
Rollovers 
Transfers 
Direct Rollovers 
Simplified Employee Pension (SEP) 
Education 
Roth 
 
IRA accounts are separately FDIC insured up to $250,000. 
 
HEALTH SAVINGS ACCOUNTS (HSA) 
HSA is an individual account for individual healthcare. The benefits of this account are Expanded Availability, Contribution Options, Tax Free Benefits, Flexibility in Spending, Year-to-Year Savings, Individual Ownership.  Customer must be enrolled in a High Deductible Health Plan. Click here for our rates. 

  • $100.00 minimum deposit to open account
  • No service charge
  • Interest compounded daily & credited quarterly
  • Variable rate may change at any time
  • Account may be tied to a Sweep Checking account if debit card and/or checks are requested
  • Monthly statement
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    For further information, Order Brochures Online. 
     
    FDIC
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