• CDs
• Graduate CD
• ROTH IRA
• Traditional IRA
• Coverdell Education Savings Account
• Simple IRA
• Contact our New Accounts Representatives
  

CDs

• Terms ranging from 3 months - 30 months
• Interest payment by check, deposit to account, or compound
• Penalties for early withdrawal may apply
• Click here for current CD rates.
  
  
  

• Custodian may purchase for children ages infant to 18
• $25 minimum balance
• Additional deposits of any amount
• Earns Variable Rate
• No withdrawals until age 18
• One annual withdrawal with no penalty from age 18 to 21
• Great way to save

The Roth IRA provides tax-deferred earnings but is non-deductible at the time you contribute to the account. Basically, this means you pay the tax when you contribute instead of when you take funds out; anything you've earned in the meantime also can be taken tax-free, for qualified reasons. Contribute to a ROTH even after age 70 ½ with earned income.
FDIC to $250,000

Contributions can be fully tax-deductible if you are not an active participant in an employer retirement plan (otherwise phase-out rules apply). Investments grow on a tax-deferred basis. Earnings are taxed only upon withdrawal. Annual IRA contributions for 2006 and 2007 are $4,000. If you are 50 years of age or older it is $5,000. You must have earned income and not reach 70 ½ by the end of the year to deposit to an IRA.
FDIC to $250,000

The Coverdell Education Savings Account allows parents and others to save for children's educations. Coverdell Education Savings Accounts are only available to children under the age of 18. Maximum contribution of $2,000.00 may be contributed annually. Interest earnings are not taxed if used for qualified education expenses.

Savings Incentive Match Plans for Employees is for businesses with under 100 employees. Small business owners and their employees, farmers and sole proprietors are eligible, if they have no other Qualified Plan. See us for the excellent reasons to start a SIMPLE IRA. Contributions of up to $10,000.00 can be deducted from gross income ($12,500 for 50 & over). We also offer qualified plans and SEP accounts for businesses.

For more details and questions contact our New Accounts Representatives: