CD/IRA

Certificates of Deposit (CDs)

Certificates of Deposit (CDs) offer time-specific and low-risk investment options. The interest rates
on Central Bank Certificates of Deposit are generally higher for longer terms and higher balances.

  • Competitive interest rates
  • Safety and stability
  • Various maturity options
  • Investment terms from 3 months to 48 months available.
  • Guaranteed interest rate based upon initial deposit
  • Substantial penalty for early withdrawal: for terms under 12 months, 3 months interest; for terms 12 months and over, 6 months interest.

Individual Retirement Accounts - IRAs

The Roth IRA:

  • Tax-free distributions if held five years and used for a qualified purpose

The Educational IRA:

  • Tax-free withdrawals for qualified education expenses

The Traditional IRA:

  • Expanded tax-deferred savings

Other Options are Available
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