IRAs & Certificates of Deposits

Certificate of Deposit
$500 minimum deposit required. Penalties apply for early withdrawal.

• Interest can be paid to the customer monthly, quarterly or at term and can be compounded to the certificate quarterly.
• 1 month to 24 month terms

Individual Retirement Account
$100 minimum deposit required. Penalties apply for early withdrawal

• Traditional IRA
  The traditional IRA is an account that allows the investor to defer taxes on earnings until funds are withdrawn. Certain contributions are tax deductible in the year they are made. If the investor is under age 70 1/2 for the entire tax year and has earned income, he or she is eligible to establish a traditional IRA.
• Roth IRA
  The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. There are two requirements for eligibility to contribute to a Roth IRA: the investor must have earned income and the investor’s modified adjusted gross income can not exceed certain limits.

Retail Repurchase Agreements

• Required amount to open is $50,000 up to $99,000.
• Immediate access to your money, no penalty for early withdrawal.
• Offers premium interest rates.
• This account is not FDIC insured.

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