The interest rate earned on CDs is fixed for the term of the deposit. CD interest is compounded and credited to your account quarterly. On all balances of $25,000 and over, interest can be paid monthly into an account or by check. Rates are subject to change at the discretion of the bank. A substantial penalty may be assessed for early withdrawal.
Certificate of Deposit Calculator
CD Ladder - Use this calculator to examine the benefits of investing in a series of Certificates of Deposit.
IRA Certificates of Deposit
An IRA (Individual Retirement Account) is the mainstay for many retirement strategies. Whereas many retirement investment vehicles are susceptible to the ups and downs of uninsured markets, an IRA CD can help offset uncertainties with predictable and favorable interest earnings. They are FDIC-insured and among the safest retirement investments around. Depending on which IRA CD you choose (Traditional, Roth or Coverdell Education Savings Account), your money grows with tax-deferred or tax-free compound interest. IRA Certificates of Deposit may be subject to substantial IRS penalties for early withdrawal.
Let us help you make the most of your IRA investing. Discover the benefits of a Community First Bank IRA CD. Click here to go to our IRA page.
Call today (618) 234-9500. We look forward to being of service to you!