Certificates of Deposit

The Safe and Simple Way to Save

  • Minimum deposit of $500
  • Choose from terms of 6 months to 5 years
  • Competitive dividend yield*
  • Federally insured up to $250,000

*APY=Annual Percentage Yield. Early withdrawal penalties apply.


IRA Accounts

  • Choose Roth or Traditional IRA
  • IRA’s offer tax-deferred growth to help your savings grow faster
  • Use for home purchase or college education without penalties*
  • Federally insured up to $250,000

*Refer to your tax advisor for more information.


Coverdell Education Savings Accounts

Coverdell Education Savings Accounts allows you to save for any postsecondary education by investing up to $2,000 a year per child younger than age 18. The contribution is not tax-deductible. Instead, earnings grow tax-free and you pay no taxes or penalties on money withdrawn to pay for qualified expenses before the beneficiary reaches age 30. Otherwise you pay taxes on any earnings, plus an additional 10% penalty.

Qualified expenses include tuition, fees, books, elementary and secondary school expenses, computer technology or equipment—even online access—that the beneficiary uses while in school, and equipment required for enrollment or attendance at nearly any postsecondary educational institution. Certain room and board expenses may also qualify.

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