Personal Banking
IRA's
Our IRA products consist of Certificates of Deposit and CDARS.
IRA's - Certificates of Deposit
- $1,000 minimum to open and to obtain APY
- Rate varies, depending on term
- Terms vary from 1 day to 5 years
- Penalties for early withdrawal
- Automatically renews unless customer notifies bank
- 10 day grace period
- FDIC insured
CDARS (Certificate of Deposit Account Registry Service)
With CDARS, we have the ability to provide our customers with additional dollars of FDIC insurance.
This service is not just for the wealthy; it’s for retirees, small business owners, and nonprofit organizations – anyone who wants the security of a CD with FDIC insurance.
