Business Savings
Certificates of Deposit (CDs)
- $500 minimum deposit to open
- Terms are available from 30 days up to 5 years
- Interest rates are set by the bank and vary based on term selected
- Your interest rate will not change during the term of the account
- Deposits/withdrawals are not allowed during the term of the account
A substantial penalty will apply if an early withdrawal is made.
Individual Retirement Account (IRA)
- $500.00 minimum deposit to open
- SEP IRA: Created as an inexpensive, easy way for employers to offer retirement plans. No employee limit
- Simple IRA: Limited to 100 or fewer employees
Speak with a tax advisor before opening your IRA to determine your eligibility and select the IRA that is right for you.
Health Savings Account
- $100 minimum deposit to open
- For high deductible Individual and Family health insurance plans
Speak with a tax advisor before opening your HSA to determine your eligibility and select the HSA that is right for you.