If you’re willing to lock in a higher rate for a longer term, Certificates of Deposit (CDs) offer a variety of rates for keeping your money on deposit with us for a variety of terms. Regardless of which term you choose, be sure to consider these free accessories.
Free 24-hour online banking
Free 24-hour bank-by-phone
Free direct deposit of checks
Free transfers of interest payments to your checking account with us

Guaranteed Rates
Unlike mutual funds and other investments, CDs guarantee their rates. So when you open your CD you know exactly how much you will earn for the whole term…month in and month out. Since penalties may apply for withdrawing funds before the term is complete, it’s important to invest with funds you don’t expect to need.

All Deposits Insured In Full
Another big advantage over other investments is the fact that all your deposits are insured in full…all deposits as well as all interest. FDIC insures all deposits up to $100,000 per depositor except self-directed retirement accounts, which are insured up to $250,000 per depositor. All deposit amounts above the FDIC limits are insured in full by the Depositors Insurance Fund. Click for more info.

A Wide Variety of Terms
Guaranteed rates vary according to the length of the term.

To see current rates on these terms, click here.

Monthly Interest Payments
Interest payments are credited to your account monthly in order to earn you interest on your interest. But if you prefer to use interest for living expenses, monthly payments can be automatically deposited into a Checking or Savings Account with us.

Tax-sheltered growth continues to be the key benefit of Individual Retirement Accounts (IRAs). Whether you choose a Roth or a Traditional plan, the interest you earn will grow exceptionally fast in a tax-sheltered environment. So be sure to consult a tax advisor to see how an IRA could benefit you.

Traditional IRA deposits can cut income taxes during work years
For most workers, an IRA’s immediate benefit is seen in lower taxes thanks to qualified deposits that reduce taxable income. Depending on your income level and retirement plan coverage, up to $4,000* can be deducted from your gross earned income each year; up to $8,000* for couples filing jointly. PLUS, people age 50 or older can contribute an extra $1,000 each year as a ‘Catch Up’ contribution.

Roth IRA deposits enjoy tax-free interest and tax-free withdrawals
While Roth deposits do not qualify for tax deductions like Traditional IRAs do, interest and withdrawals from Roth plans may be tax-free. So if you’re young and can afford to make deposits without the tax cuts, the Roth IRA may be for you. Withdrawals will never be taxed (if you meet certain qualified distribution reasons) and you will be allowed to continue contributing for as long as you are working. Many experts see this IRA to be a perfect estate builder.

IRAs aren’t just for retirement anymore…
They can also be used for 1st homes and higher education
That’s right. Up to $10,000 can be withdrawn from Traditional IRAs for purchasing a first home without incurring IRS penalties. Another little known advantage is that they allow penalty-free withdrawals for a higher education for you, your spouse, your children or grandchildren. So remember. IRAs aren’t just for retirement anymore.
*Not to exceed 100% of your modified adjusted gross income.

Renewing a CD for a different term? If so, click here to download the Certificate of Deposit Renewal form. You’ll need to mail a form to the bank to complete the opening of your new CD.

Free&Easy Banking Since 1871
For more information about any of our products or services, please visit any of our branch offices, complete our information request form, or call 617.361.6900.