CD & IRA

Certificates of Deposit and Investment Retirement Accounts are two popular and safe ways to invest your hard-earned money. Both are FDIC insured. 

A CD is an investment for a specific term with a guaranteed yield. You select the flexible term that works best for you and watch your money grow. You are provided a 10-day grace period to change your CD or to withdraw your money following the maturity date. After the grace period, it renews automatically. 

An IRA is a special tax-deferred savings plan that encourages investing for your future retirement. Individuals who are under age 70 ½ can contribute 100 percent of earned compensation or $4,000, whichever is less. Contributions may be tax-deductible depending on your income. Earnings on your IRA are tax-deferred until withdrawn