Certificates of Deposit (CDs)
A certificate of deposit offers an attractive interest rate with flexible terms. This product is a great way to save money over a set period of time without the temptation of withdrawal prior to maturity. Call us for information about our current rates or any specials we may be offering.
Individual Retirement Accounts (IRAs)
IRAs are excellent investment options to help you grow your retirement with tax-free earnings. You do not pay taxes on your investment earnings on a traditional IRA until you withdraw your funds at retirement. With a Roth IRA, you never have to pay taxes on your investment earnings as long as you do not withdraw your funds prior to age 59 ½. You may even qualify for a traditional or Roth IRA if you are covered under a company 401k or defined benefit retirement plan. You can contribute up to $4,000 per year in an IRA. Those who are 50 or older by the end of the taxable year can contribute up to $5,000 per year. You should consult your tax professional to see if you qualify.