Personal Investments

Certificates of Deposit (CD)

• Term lengths range from 3 months to 36 months.
• Minimum deposit required to open a 3 month CD is $2,500.00.
• Minimum deposit required to open a 6-36 month CD is $1,000.00.
• Term lengths and rates are subject to change at anytime.
• A penalty is charged for early withdrawal on any of our CDs.

Young America CD

• Must be under the age of 18 to participate.
• $100.00 minimum balance required to open.
• Deposits must be $50.00 or greater.
• Interest paid monthly.
• CD has a term length of 36 months.
• CD may be renewed until the beneficiary reaches the age of 18.

Traditional IRA

• Minimum balance required to open $1,000.00.
• Term length of 18 months.
• Interest is compounded and credited monthly.
• Variable interest rate.
• Unlimited number of deposits.
• You may withdraw money at any time.
• Earnings are not taxed until you begin withdrawing funds.
• Contributions are limited to a specific amount each tax year based on whether you are under or over age 50.

Roth IRA

• Minimum balance required to open $1,000.00.
• Term length of 18 months.
• Interest is compounded daily and credited monthly.
• Account will automatically renew at maturity.
• You may withdraw money at any time.
• Funds put into a Roth IRA are distributed to you tax-free at retirement.
• Contributions are limited to a specific amount each tax year based on whether you are under or over age 50.

Premium Treasury Gold Money Market Account

• $500.00 minimum balance required to open account and maintain interest.
• Limit of 4 withdrawals per year at no charge.
• Unlimited deposits, ACH accepted.
• $100.00 penalty for closing before 12 months.
• Interest is compounded daily and credited monthly.

Health Savings Account (HSA)

• Tax deductible on deposits and earnings.
• No minimum deposit required.
• Maximum deposit
  • $3,050.00 per year for individuals.
  • $6,150.00 per year for families.
• Customers 55 and over may make an additional $1,000.00 yearly contribution.
• Cannot open an HSA if you are on Medicare.
• Interest is compounded and credited monthly.
• VISA debit card available for HSA accounts

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