CDs & IRAs

Requirements:

• Minimum deposit to open-$2,500     

Benefits:

• Interest can be paid by check, checking deposit, savings deposit, or added on to the CD.    
• 182 Day CD can be auto-renewable so you do not need to remember to come in and renew your matured CD.     

Cost:

• 91 day CD- Early withdrawal penalty of 91 days of interest.         
• 182 day CD- Early withdrawal penalty of 3 months of interest.

Requirements:

• Minimum balance to open-$1,000  

Benefits:

• Interest can be paid by check, checking deposit, savings deposit, or added on to the CD.    
• These CDs can be auto-renewable so you do not need to remember to come in and renew your matured CD. 

Cost:

• 1 year CD- Early withdrawal penalty of 3 month's interest. 
• 18 Month CD- Early withdrawal penalty of 6 month's interest.        
• 2 year CD- Early withdrawal penalty of 6 month's interest.         
• 3 year CD- Early withdrawal penalty of 6 month's interest. 
• 4 year CD- Early withdrawal penalty of 6 month's interest.