Personal Investments

Certificates of Deposit (CD)

  • Short and long term CD accounts offered.
  • $1,000 minimum opening deposit on most terms.
  • Interest compounded daily, credited monthly.
  • CD Terms of less than 12 months:  Interest is simple interest.
  • Penalty charged for early withdrawal. However interest paid within the term may be withdrawn at any time without penalty.
  • A 10-day grace period applies.
  • No service charge applied.
  • View our CD rates.

Young America CD

  • Must be under the age of 18 to participate.
  • 36-month term
  • Opening deposit of $100 required.
  • Deposits of $50 or more accepted at any time throughout the term.
  • Interest compounded daily, credited monthly.
  • Penalty charged for early withdrawal.  However interest paid within the term may be withdrawn at any time without penalty
  • A 10-day grace period applies.
  • No service charge applied.

Traditional IRA

  • Minimum balance required to open $1,000.00.
  • Term length of 18 months.
  • Account will automatically renew at maturity.
  • Account has a variable rate that may change once the account is opened.
  • Term lengths and rates are subject to change at anytime.
  • Interest is compounded and credited monthly.
  • Early withdrawal is subject to institutional penalty and tax consequences (excluding death distribution)
  • Unlimited deposits to achieve contribution limit.
  • Minimum annual withdrawals are required at age 70 1/2 (known as required minimum distribution)
  • Contribution limits      
    • $5,500 under age 50 annually
    • $6,500 over age 50 annually

Roth IRA

  • Minimum balance required to open $1,000.00.
  • Term length of 18 months.
  • Account will automatically renew at maturity.
  • Account has a variable rate that may change after the account is opened.
  • Term lengths and rates are subject to change at any time.
  • Interest is compounded daily and credited monthly.
  • Funds deposited are distributed tax-free at retirement.
  • Unlimited deposits to achieve contribution limit.
  • Early withdrawal is subject to institutional penalty (excluding death distribution)
  • Contribution limits:
    • $5,500 under age 50
    • $6,500 over age 50

Health Savings Account (HSA)

  • Tax deductible on deposits and earnings.
  • Must have high deductible health coverage:
    • $1,300 Single
    • $2,600 Family
  • No minimum deposit required.
  • Maximum deposit
    • $3,400.00 per year for individuals in 2017.
    • $6,750.00 per year for families in 2017.
  • Customers 55 and over may make an additional $1,000.00 yearly contribution.
  • Cannot open or make contributions to an HSA once on Medicare.
  • Interest is compounded and credited monthly.
  • VISA debit card available for HSA accounts