Certificates of Deposit & IRAs

Invest in a CD or IRA, and watch your money grow


Certificates of Deposit (CDs)

CDs are one of the easiest ways to earn more from your money. For more information check out our CD & IRA Interest Rate Page!

Have one of our Personal Bankers help you take the worry out of your future and invest in a CD today!

Individual Retirement Account (IRA)

An IRA is a special account that is created specifically for retirement. There are two main types of IRAs, Traditional and Roth. Traditional IRAs may allow for an immediate tax benefit. Roth IRAs typically allow for tax-free growth. For more information, see the chart below and check out our CD & IRA Interest Rate Page! Please consult with your tax advisor to determine if an IRA contribution or withdrawal is appropriate for you.

IRA Options
TRADITIONAL IRA ROTH IRA
CONTRIBUTION AGE LIMITS Contributions can only be made if you are under the age of 70 1/2 Contributions can be made at any age as long as you have earned income
CONTRIBUTION LIMIT CHANGES Changes on contribution limits are determined yearly by the IRS Changes on contribution limits are determined yearly by the IRS
CONTRIBUTION TAX BENEFITS Contributions may be tax deductible Contributions are not tax deductible
TAX REQUIREMENTS ON EARNINGS Earnings will only be taxed upon disbursement All earnings are tax free
TAX REQUIREMENTS ON DISTRIBUTIONS All distributions will be taxed Distributions within the first 5 years require a tax on the interest withdrawn.

Distributions after the initial 5 years are typically tax free required
DISTRIBUTION REQUIREMENTS Distributions must be taken beginning the year you turn 70 1/2 Distributions are not required