Personal CDs & IRAs Comparison

     

Bump Rate CDs

CDs

IRAs

Minimum Balance to Open

$1,000

$1,000

$500

Monthly Service Fee

$0

$0

$0

Earns Interest

Yes

Yes

Yes

Fixed/Variable Rate

Fixed

with Bump Option1

Fixed

Fixed

Term Length

23 Months
&
35 Months

Varies;
3 Months - 60 Months

Varies;
3 Months - 60 Months

Early Withdrawal Penalty

Yes

Yes

Yes

Retirement Savings with Tax-Advantages?2

No

No

Yes

Free Access to Online Banking

Yes

Yes

Yes

Mobile Banking & Alerts3

Yes

Yes

Yes

  

Learn More

Learn More

Learn More

1You are permitted to make a one-time request to adjust your interest rate should the interest rate for this product increase at any time during the term of your CD. You may make this request at one of our branches or by contacting us. Your interest rate is limited to the rate in effect for the same CD product at the time of your request and the new interest rate will be paid for the remaining account term. If you exercise the bump rate option, only the rate will change. All other terms, conditions and the maturity date will remain the same. 2Consult a tax advisor. 3Data connection is required. Availability may be affected by your mobile carrier’s coverage area. Your mobile carrier’s message and data rates may apply. Consult your wireless plan or provider for your specific plan details.

Additional terms and conditions or fees may apply to the products and services described. Please contact us or visit one of our branches for full account details.