Personal CD & IRA Product Comparison
| Features |
Personal CD |
Hoops CD***** |
9-Month Preferred CD |
IRA |
| Available Terms |
7 days - 5 years |
12 months |
9 months |
7 days - 5 years |
| Minimum to Open |
$1,000 |
$2,500 |
$1,000 |
$50 |
| Minimum to Earn Interest* |
$1,000 |
$2,500 |
$1,000 |
$50 |
| Interest Payment Options |
See Note** |
At maturity |
See Note** |
See Note** |
| Transaction Limits |
Partial Withdrawals are permitted and Additional Deposits are permitted at maturity**** |
Partial Withdrawals or Additional Deposits are not permitted |
Partial Withdrawals are permitted and Additional Deposits are permitted at maturity**** |
Please consult a tax advisor for IRS regulations regarding transaction limits on IRAs |
| Early Withdrawal Penalty |
See Note*** |
6 months' interest |
No penalty after 7 days; 3 months' interest if redeemed within 7 days |
Please consult a tax advisor for IRS regulations regarding penalties on IRAs |
| Online Access
Available Upon Request |
Checkmark |
Checkmark |
Checkmark |
Checkmark |
Notes
*Amount indicated is the ledger balance required to earn interest.
**If the account balance is less than $5,000, interest is paid quarterly by adding to the CD or by transfer to another deposit account. If the account balance is greater than $5,000, interest may be paid monthly by check, adding to the CD or by transfer to another deposit account. For terms of 7, 30, 60, or 90 days, interest may be paid at maturity.
*** If term is 7 - 91 days, penalty is 1 months' interest. If term is 92 days - 1 year, penalty is 3 months' interest. If term is greater than 1 year, penalty is 6 months' interest.
****Partial withdrawals may be subject to early withdrawal penalties.
*****Seasonally available. Contact your branch for more details.
Visit your local branch for additional information about applicable terms and fees and current interest rates and annual percentage yields.