CDs/IRAs

Certificate of Deposit

This product is for the customer looking to lock a certain dollar amount for a specific time frame earning a fixed rate. There are a variety of terms available, from 90 days to 24 months.

Minimum Balance

$1,000.00
Terms Terms 90 days to 48 months
Interest Bearing

Yes, rate is dependent on term

Early Withdrawal Penalty

Certificate terms of 90 to 180 days:
Forfeiture of 90 days simple interest

Certificate terms of 181 days or more:
Forfeiture of 180 days simple interest

Links

$5,000.00 or more in a Certificate of Deposit waives minimum balance in
an Advantage 55 Club Account.

Bill Payment Yes - free
Grace Period You have ten (10) calendar days from the maturity date to withdraw
without penalty prior to the automatic renewal
Telephone Banking Access 24/7 Yes- free
Online Banking Yes- free

 

 


 

Jumbo Certificate of Deposit

This certificate is for the customer looking to invest a larger sum in a certificate.

Minimum Balance

$100,000.00
Terms Terms 14 days to 48 months
Interest Bearing

Yes, rate is dependent on term

Early Withdrawal Penalty

Certificate terms of 90 to 180 days:
Forfeiture of 90 days simple interest

Certificate terms of 181 days or more:
Forfeiture of 180 days simple interest

Links
$5,000.00 or more in a Certificate waives minimum balance in an Advantage 55 Club Account.
 
Grace Period You have ten (10) calendar days from the maturity date to withdraw without penalty prior to the automatic renewal
Telephone Banking Access 24/7 Yes- free
Online Banking Yes- free

 

 


 

Individual Retirement Account

A flexible retirement savings plan that you can add to with tax-deferred interest and FDIC safety.

Minimum Balance

$500.00
Terms 18 months
Interest Bearing

Yes, variable rate-calculated daily credited quarterly

Early Withdrawal Penalty

Forfeiture of 180 days simple interest

Grace Period You have ten (10) calendar days from the maturity date to withdraw without penalty prior to the automatic renewal
Telephone Banking Access 24/7 Yes- free
Online Banking

Yes- free

 

 


 

Fixed Individual Retirement Account

Ideal for those who prefer a fixed rate of return and like keeping their yearly contributions separate.

Minimum Balance $1,000
Terms 12 or 24 months
Interest Bearing Yes
Early Withdrawal Penalty Forfeiture of 180 days simple interest
Grace Period You have ten (10) calendar days from the maturity date to withdrawal without penalty prior to automatic renewal.
Telephone Banking Access 24/7

Yes - free

Online Banking

Yes - free