Share Certificates (CDs)

Short-Term CD Special

Putting money into short-term CDs can help maximize the interest you’ll earn on funds you're saving for purchases in the near future, like an upcoming vacation or home renovations. And since you’ll have access to your money relatively soon, it may be less likely that you’ll need to withdraw the funds before the CD matures and be subjected to an early withdrawal penalty. Short-term CDs are also a great way for those with smaller savings to invest, since they typically don't require a large deposit minimum.

When it comes to securing your financial future, investing in Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) can offer a reliable and strategic approach. Both investment vehicles provide unique benefits that can help you grow your savings while minimizing risk. 

Certificates of Deposit

• One of the safest investment options available
• Issued by banks and credit unions
• Offer a fixed interest rate over a specified term of a few months to several years
• Ideal for conservative investors who prioritize capital preservation over high returns

The primary benefit of investing in CDs is their guaranteed return. Unlike stocks, which can be volatile, CDs provide a predictable return on investment.

To get started with a CD, check out our rates to see which aligns best with your financial goals. Most CDs require a minimum of $1,000.

Individual Retirement Accounts

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

• No income limits to open
• No minimum contribution requirement
• Contributions are tax deductible on federal income tax*
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59 ½
• Early withdrawals subject to penalty**
• Mandatory withdrawals at age 70 ½

Roth IRA

• Income limits to be eligible to open Roth IRA***
• Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal*
• Principal contributions can be withdrawn without penalty*
• Withdrawals on interest can begin at age 59 ½
• Early withdrawals on interest subject to penalty**
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***Consult a tax advisor.