Time Deposits

We offer 91 and 182 Day, 12, 18, 30 and 36 Month Time Deposits.
You must deposit $500.00 to open a Time Deposit account.
For a 91 Day Time Deposit, interest will be compounded and credited to your account every 91 days.
For a 182 Day Time Deposit, interest will be compounded and credited to your account every 182 days.
For 12, 18, 30 and 36 Month Time Deposits, interest will be compounded and credited to your account every 3 months.
You may not make deposits into or withdrawals from your account until the maturity date.
If you close your account before interest is credited, you will receive the accrued interest.
We will impose a penalty if you withdraw any or all of the funds before the maturity date. For maturities of 1 year or less, the penalty imposed will equal 91 days of interest on the amount withdrawn; for maturities of more than 1 year, the penalty imposed will equal 182 days of interest on the amount withdrawn.
Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

12 Month Add-On Time Deposit

You must deposit $500.00 to open this account.
Interest will be compounded and credited to your account every 3 months.
You may not make withdrawals from your account until the maturity date. You may make deposits into your account until the maturity date.
If you close your account before interest is credited, you will receive the accrued interest.
We will impose a penalty if you withdraw any or all of the funds before the maturity date. This penalty imposed will equal 91 days of interest on the amount withdrawn.
Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

We offer both fixed and variable rate Traditional, Roth, SEP, and Education IRAs with terms of 18 months.
You must deposit $500.00 to open an IRA account.
Interest will be compounded and credited to your account every 3 months.
You may make deposits into your account until the maturity date. You may make withdrawals from your account once you reach the minimum age requirement for penalty free distributions.
If you close your account before interest is credited, you will receive the accrued interest.
Individual Retirement Accounts (IRAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please see your IRA Agreement or your tax advisor for additional information.
We may impose a penalty if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 182 days of interest on your account. The penalty amount will be calculated on the amount withdrawn.
This account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.