Certificate of Deposit (CD)
- Competitive interest rates for specified term
- 6 months, 12 months, 18 months, 24 months, 36 months terms available with a minimum opening deposit of $1,000.00
- Early withdrawal penalties may apply
Term Savings CD
- 6 months and 36 months terms with a minimum opening deposit of $100,000.00 and daily balance of $100,000.00.
- Liquid CD
- You may make 3 withdrawals from your account every term in increments of $5,000.00 without any penalty. A penalty of 3 months interest on the amount withdrawn for withdrawals in excess of 3 per term may be imposed.
Individual Retirement Account (IRA)
- Opening Deposit $1,000.00 minimum.
- A secure way to invest money for retirement.
- Depending on your individual or family income, deposits may be fully or partially tax deductible. The rules & restrictions governing IRA’s are many: check with your tax advisor for the benefits of an IRA for your specific situation.
- Rollovers or transfers from other retirement plans are available.
- The funds are invested in federally insured Certificates of Deposit.
- Each depositor is insured up to $250,000.
- We offer Traditional and Roth IRA’s.
Call your local branch to schedule an appointment to open an account at Paradise Bank.