Certificates of Deposit
Investing in CDs is always a safe bet. FDIC insurance and fixed rates ensure that you get a guaranteed return on your investment so you can afford to invest in other ways if you choose. We offer a wide variety of terms to suit your needs. Start building your savings today. Our employees will be glad to assist you over the phone or in person.
- Guaranteed fixed rate of return
- No maintenance fees
- Terms from 3 months to 3 years
- Penalties apply for early withdrawal
- Automatic renewal*
* Certificates of Deposit are automatically renewed unless you instruct.
IRA
IRA (Individual Retirement Account) is a tax-advantaged savings vehicle - putting you in charge of your retirement plan. The specific tax benefit depends on the type of IRA: Roth or Traditional. We’re happy to talk to you about the difference between the two, but advise you see a tax advisor to help you determine which is best for you.
- Can rollover from an employer plan
- Transfer from an existing IRA
- Start funding a new plan with as little as $100
- Lump Sum Deposit (Contribution Limits apply for lump sum deposits)
- Depending on your plan, you may qualify for tax credits, or funds may grow tax free
SEPS
SEP (Simplified Employee Pension Plans) are a plan that allows you to provide a retirement benefit to your employees. SEP plans help employers attract and retain quality employees while meeting the increasing need for financial security at retirement.
- Sole proprietor, partnership, and corporation all qualify
- Plan contributions are tax deductible to the employer
- Employers set eligibility criteria such as: Age, Service, & Compensation
- Earnings are not taxed until they are withdrawn for employees