- Traditional
Open a Traditional IRA to supplement your retirement savings in addition to your employer’s retirement plan. The traditional IRA offers tax-deferred earnings and potential annual deductions.
- Roth
If you had rather have tax-exempt funds available to you upon your retirement, then open a Roth IRA.
- SEP
A Simplified Employee Pension Plan is an effective way for business owners and their employees to build their retirement savings. Not only is an SEP great for small business owners, but also for people who are self-employed. Contributions are tax deductible and the earnings remain tax-deferred until withdrawals begin.
- CESA
The Coverdell Education Savings Account is an excellent way to save money for a child’s education. Although contributions are not tax deductible, withdrawals are tax-exempt when taken for qualified higher education expenses.
- CDARS
With Certificate of Deposit Account Registry Service, a participating bank can place a large deposit into several smaller CDs at multiple institutions. This allows you to have FDIC insurance on each of those deposits, favorable interest rates, and the convenience of managing all of those deposits through one relationship.
- Index Powered
The Index Powered CD is the only investment opportunity that offers the return of the stock market and the security of FDIC insurance. The performance of an Index Powered CD is linked to that of the S&P 500, which is the measurement of stock market performance of the top 500 U.S. companies.
Personal
- Interest rate increases as balance increases
- Allowed six debits per cycle
- Must maintain minimum monthly balance of $1,000
- $500 minimum required to open account
Business
- Interest rate increases as balance increases
- Allowed six debits per cycle
- Must maintain minimum monthly balance of $1,000
- $10,000 required to open account
|
