Deposit Accounts

CDs and IRAs
You can make contributions to an IRA for 2015 up until the time you file your income taxes (April 18th), and for many people IRA contributions are fully or partially tax deductible.  Set up a date with your Frandsen banker to review your IRA options today!
 
*IRAs may defer your taxes; consult your tax professional.

Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs)

Certificates of Deposit (CDs)

Safely keep your cash in one of our federally insured CDs that are guaranteed to grow regardless of the economy. We offer a variety of options.
 
  • Choose from short-term or long-term investment options
  • Open with an initial $2,500 minimum deposit
  • Use as collateral in a savings-secured loan
  • The interest rate and annual percentage yield will depend upon the balance invested
  • Early withdrawal penalty may apply

Individual Retirement Accounts (IRAs)

Save money or roll over money from a qualified retirement program such as a 401(k) or a SEP. Choose IRA CD short-term or long-term options, or consider an IRA savings for added flexibility.‚Äč
 
  • Open an IRA CD with an initial $2,500 minimum deposit, or an IRA savings account with an initial $100 minimum deposit
  • Select from traditional, Roth, or Coverdell educational IRAs. (IRS regulations apply.)
  • Earn competitive interest rates
  • Early withdrawal penalty may apply
  • FDIC insured with a guaranteed rate of return
  • IRAs may defer your taxes; consult your tax professional