Certificate of Deposit

CDs are investment options that offer a wide range of terms and earn competitive interest rates that are guaranteed for the term. 

•  A variety of terms available to meet your investment needs
•  Interest paid monthly, quarterly or semi-annually depending on the deposit amount
•  Interest can be added back to the CD, deposited to your checking or savings or paid by check
• Subject to early withdrawal penalties

Traditional IRA

• An account that allows you to defer taxes on your earnings until they are withdrawn.
• Certain contributions are tax deductible in the tax year for which they are made.
• You must be under age 70½ for the entire year and have earned income (or your spouse must have earned income) to be eligible for a traditional IRA.

Roth IRA

• A nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.
• Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from this type of an account than from a traditional IRA.
• To be eligible to contribute to a Roth IRA, you must have earned income (or your spouse must have earned income) and your modified adjusted gross income (MAGI) cannot exceed certain limits.