Personal Banking

We take the time to explore your options and find the right one for you. Two traditional options are Certificates of Deposits (CDs) and Individual Retirement Accounts (IRAs). Whatever investment plan you choose, one of our dedicated team members will be there for you from the very beginning. These accounts are fully insured by the FDIC and the Depositors Insurance Fund.

CDs generally have a higher interest rate than other deposit accounts. You'll earn guaranteed returns over a specific period of time—no matter what happens in the market. We offer competitive rates and flexible terms from 91 days to 5 years. 

Whichever plan you choose, please consult with your tax advisor for your specific situation.  Restrictions may apply.

An IRA is an ideal way to save for retirement, all while taking advantage of tax benefits and getting a better return on your investment. Choose either the Traditional Tax-Deferred IRA or Tax-Free ROTH IRA, both offering a competitive rate and are fully-insured.

Traditional IRA

• Annual contributions may be tax deductible
• Interest earned is tax deferred until withdrawn
• Contributions from income earned may be made at any time (beginning in 2020)
• Distributions must begin by age 70 ½ (if age reached in 2019) or age 72 (if reached age 70 ½ in 2020 or later)

ROTH IRA

• Contributions can be made even if you are currently enrolled in a qualified employee pension plan and may be made at any age
• Contributions will always grow tax-free
• Distributions are tax and penalty free once you have reached age 59 ½ and have been in the plan for at least 5 years
• There are no required minimum distributions at age 70 ½ or age 72
• A traditional IRA may be converted to a ROTH

Whichever plan you choose, please consult with your tax advisor for your specific situation. Other restrictions may apply.