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Certificates of Deposit / IRAs

 

 

 


 

Certificates of Deposit

Individual Retirement Accounts

Coverdell Education Savings Account/IRA

The Coverdell Education Savings Account exists to help with the education expenses of children and can be established at birth for any education they receive until the age of 30. This is a non-deductible account with no tax due on interest and no penalty for qualified distributions (up to $2,000 per year).

Note- All accounts require a minimum opening balance. 
Time accounts (CDs and IRAs) may be subject to early withdrawal penalty equal to 50% of interest paid of payable during the account term if any withdrawal is made prior to maturity.  Assessment of this penalty could reduce earnings on account. 
For more information on any of the accounts listed above, please give us a call or stop by any branch location.

Looking for something other than a traditional CD or IRA?

 

Click here to learn more about investment advice available to our clients via SCB Investment & Wealth Management.  Qualified, experienced advisors, consultations, and advice offered through TVAMP and LPL Financial.