CDs & IRAs

Certificates of deposit (CDs)

CDs typically earn better interest rates than traditional savings accounts and money markets. Get started with either a $500.00 or $5,000.00 opening deposit; rates of standard CDs are tiered based on the balance.

Interest is compounded daily. All CDs can be viewed from Online Banking, and Mobile Banking.

Certificate of Deposit Rates

Comparison table of Certificate of Deposit Rates
Account Type	Minimum Required Balance to Earn Interest	Interest Rate	APY^*	Footnote / Penalty
60 Month CD	$5,000.00	0.60%	0.60%	Loss of 6 months simple interest
60 Month CD	$500.00	0.50%	0.50%	Loss of 6 months simple interest
48-59 Month CD	$5,000.00	0.55%	0.55%	Loss of 6 months simple interest
48-59 Month CD	$500.00	0.50%	0.50%	Loss of 6 months simple interest
36-47 Month CD	$5,000.00	0.45%	0.45%	Loss of 6 months simple interest
36-47 Month CD	$500.00	0.40%	0.40%	Loss of 6 months simple interest
24-35 Month CD	$5,000.00	0.40%	0.40%	Loss of 6 months simple interest
24-35 Month CD	$500.00	0.38%	0.38%	Loss of 6 months simple interest
18-23 Month CD	$5,000.00	0.30%	0.30%	Loss of 6 months simple interest
18-23 Month CD	$500.00	0.25%	0.25%	Loss of 6 months simple interest
12-17 Month CD	$5,000.00	0.25%	0.25%	Loss of 3 months simple interest
12-17 Month CD	$500.00	0.20%	0.20%	Loss of 3 months simple interest
6-11 Month CD	$5,000.00	0.15%	0.15%	Loss of 3 months simple interest
6-11 Month CD	$500.00	0.12%	0.12%	Loss of 3 months simple interest
3-5 Month CD	$5,000.00	0.10%	0.10%	Loss of 3 months simple interest
3-5 Month CD	$500.00	0.08%	0.08%	Loss of 3 months simple interest

Special CDs

Our special CDs do not have tiered rates:

Peoples Choice CD (36-month) — 1 optional rate increase allowed throughout the term
Peoples Choice CD (60-month) — 2 optional rate increases allowed throughout the term
Golden Year CD (60-month) — minimum balance of $1,000.00; 1 withdrawal allowed (loss of 6 months’ simple interest for additional withdrawals)

Special CD Rates

Comparison table of Special CD Rates
Account Type	Minimum Required Balance to Earn Interest	Interest Rate	APY^*	Footnote / Penalty
60 Month Golden Year CD (must be 62 years of age or older)	$5,000.00	0.40%	0.40%	No penalty for 1 withdrawal. If further withdrawals are taken, there is a loss of 6 months simple interest.
60 Month Peoples Choice CD (2 optional rate increases available)	$1,000.00	0.60%	0.60%	Loss of 6 months simple interest based on the rate in effect on the date of withdrawal
36 Month Peoples Choice CD (1 optional rate increase available)	$1,000.00	0.45%	0.45%	Loss of 6 months simple interest based on the rate in effect on the date of withdrawal
11 Month Special CD	$5,000.00	3.000%	3.050%	Loss of 3 months simple interest

Savings Calculator

Individual retirement accounts (IRAs)

If you are looking for an easy way to start saving for retirement, our simple IRAs, Roth IRAs and SEPs will put you on the right path. Because our IRAs all feature fixed rates, they don’t fluctuate with the sometimes-volatile stock market.

Rates of standard IRAs are tiered based on the balance — from $500.00 to $5,000.00. Interest is compounded daily and posted every quarter.

Our team is happy to answer any questions before you begin or even if you’re well on your way. You can also use Online Banking, Mobile Banking and Telephone Banking to monitor your IRA.

IRA Rates

Comparison table of IRA Rates
Individual Retirement Account	Minimum Required Balance to Earn Interest	Interest Rate	APY^*	Footnote / Penalty
60 Month IRA	$5,000.00	0.60%	0.60%	Loss of 6 months simple interest
60 Month IRA	$500.00	0.50%	0.50%	Loss of 6 months simple interest
48-59 Month IRA	$5,000.00	0.55%	0.55%	Loss of 6 months simple interest
48-59 Month IRA	$500.00	0.50%	0.50%	Loss of 6 months simple interest
36-47 Month IRA	$5,000.00	0.45%	0.45%	Loss of 6 months simple interest
36-47 Month IRA	$500.00	0.40%	0.40%	Loss of 6 months simple interest
24-35 Month IRA	$5,000.00	0.40%	0.40%	Loss of 6 months simple interest
24-35 Month IRA	$500.00	0.38%	0.38%	Loss of 6 months simple interest
18-23 Month IRA	$5,000.00	0.30%	0.30%	Loss of 6 months simple interest
18-23 Month IRA	$500.00	0.25%	0.25%	Loss of 6 months simple interest
12-17 Month IRA	$5,000.00	0.25%	0.25%	Loss of 3 months simple interest
12-17 Month IRA	$500.00	0.20%	0.20%	Loss of 3 months simple interest
6-11 Month IRA	$5,000.00	0.15%	0.15%	Loss of 3 months simple interest
6-11 Month IRA	$500.00	0.12%	0.12%	Loss of 3 months simple interest
3-5 Month IRA	$5,000.00	0.10%	0.10%	Loss of 3 months simple interest
3-5 Month IRA	$500.00	0.08%	0.08%	Loss of 3 months simple interest

Special IRAs

Floating IRA (12-month) — minimum balance of $50.00; no penalty for early withdrawal
Floating IRA (18-month) — minimum balance of $100.00; loss of 6 months’ simple interest for early withdrawal
Peoples Choice IRA (36-month) — minimum balance of $1,000.00; rates not tiered
Peoples Choice IRA (60-month) — minimum balance of $1,000.00; rates not tiered

Special IRA Rates

Comparison table of Special IRA Rates
Account Type	Minimum Required Balance to Earn Interest	Interest Rate	APY^*	Footnote / Penalty
60 Month IRA (2 optional rate increases available)	$1,000.00	0.60%	0.60%	Loss of 6 months simple interest based on rate in effect on date of withdrawal
36 Month IRA (1 optional rate increase available)	$1,000.00	0.45%	0.45%	Loss of 6 months simple interest based on rate in effect on date of withdrawal
11 Month Special IRA CD	$5,000.00	3.000%	3.050%	Loss of 3 Months Simple Interest
18 Month Variable IRA	$100.00	0.30%	0.30%	(6) Loss of 6 months simple interest based on rate in effect on date of withdrawal.
12 Month Variable IRA	$50.00	0.25%	0.25%	(6) No penalty

* The Annual Percentage Yield (APY) assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Interest is compounded daily on all account types.

1. The interest rate may change on these accounts after opening, and fees may reduce the earnings on the account.

2. A $5.00 monthly service charge will be assessed if minimum balance is not maintained. A $5.00 fee will be assessed for each withdrawal in excess of six (6) per statement cycle.

3. You may make no more than six (6) preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card and similar transactions from your account per month or statement cycle.

4. A $5.00 monthly service charge will be assessed if minimum balance is not maintained. A $5.00 fee will be assessed for each withdrawal in excess of six (6) per statement cycle.

5. A $7.00 monthly service charge will be assessed if minimum balance is not maintained. A $5.00 fee will be assessed for each withdrawal in excess of six (6) per statement cycle.

6. The interest rate may change on these accounts after opening.

7. A $25.00 fee will be assessed for each withdrawal in excess of three (3) withdrawals per calendar year. The fee will be assessed at the time of the excess withdrawal transaction.

Consult the IRS website for additional assets related to IRAs:

Retirement calculator

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