Individual Retirement Accounts
| 3, 6, 12 Month CD | 18, 24, 30, 36, 48, 60 Month CD | IRA/CESA Passbook Savings | |
|---|---|---|---|
Description | 3, 6, 12 Month CD If you are nearing retirement and looking for a low-risk retirement savings, a CD may be for you. | 18, 24, 30, 36, 48, 60 Month CD If you are looking for a low-risk retirement savings, a CD may be for you. | IRA/CESA Passbook Savings Contribute to your retirement fund or your child’s education with an IRA savings. |
Minimum Balance (MB) | 3, 6, 12 Month CD $100 | 18, 24, 30, 36, 48, 60 Month CD $100 | IRA/CESA Passbook Savings none |
Interest | 3, 6, 12 Month CD variable rate; please inquire | 18, 24, 30, 36, 48, 60 Month CD variable rate; please inquire | IRA/CESA Passbook Savings variable rate; please inquire |
Compounding | 3, 6, 12 Month CD 3- or 6-month: at maturity 12-month: semi-annually | 18, 24, 30, 36, 48, 60 Month CD semi-annually | IRA/CESA Passbook Savings quarterly |
Statements | 3, 6, 12 Month CD yes paper notice at maturity | 18, 24, 30, 36, 48, 60 Month CD yes paper notice at maturity | IRA/CESA Passbook Savings yes paper Annual statement |
Early W/D Penalty | 3, 6, 12 Month CD 3 months of interest Penalty waived at age 59.5 | 18, 24, 30, 36, 48, 60 Month CD 6 months of interest Penalty waived at age 59.5 | IRA/CESA Passbook Savings none |
Digital Banking | 3, 6, 12 Month CD yes | 18, 24, 30, 36, 48, 60 Month CD yes | IRA/CESA Passbook Savings yes |