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
    • $3,100.00 per year for individuals in 2014.
    • $6,525.00 per year for families in 2014.
  • 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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