CDs and IRAs
- Competitive fixed interest rates at flexible terms
- Automatic renewal available
- Interest may be compounded or disbursed
- Penalty may apply for early withdrawal
- FDIC Insured
- Fixed or variable interest rates
- 18-month terms
- Interest earnings are tax free
- Contributions are not tax deductible
- Interest compounds quarterly
- Penalty may apply for early withdrawal
- FDIC Insured
- Consult a tax professional for tax advice
- Fixed or variable interest rates
- 18-month terms
- Interest earnings may be tax deferred until withdraw
- Contributions are tax deductible
- Interest compounds quarterly
- Penalty may apply for early withdrawal
- FDIC Insured
- Consult a tax professional for tax advice
- Save for a child’s future education expense
- Variable interest rates
- 18-month terms
- Tax deductible contributions
- Grows tax free and no tax imposed at withdrawal
- Make contributions until the child is 18
- Balance must be used for qualified education expense prior to the recipient’s 30th birthday
- Penalties for non-qualified expenses may apply
- FDIC Insured
- Consult a tax professional for tax advice