Individual Retirement Accounts

Our individual Retirement Accounts are Certificates of Deposit and earn a competitive rate of interest.

Variable Rate IRA CD*

  • Variable interest rate based on market conditions.
  • No minimum balance requirement.
  • 18-month term.
  • Additional contributions can be made at any time to the account, in any amount.
  • May elect to make automatic contributions from your C&N checking or key savings account to your IRA CD on a weekly, bi-weekly or monthly basis.
  • Penalty free withdrawals after age 59-1/2.

*Contributions and withdrawals subject to IRS rules.

Fixed Rate IRA CD*

  • Minimum $1,000 to open.
  • Terms of 36, 48 or 60 months.
  • Interest rate and maturity date are locked in at time of purchase, allowing for maximum growth of your deposit.
  • Partial withdrawals of principal are not permitted.
  • Additional deposits cannot be made to the CD.

*Contributions and withdrawals subject to IRS rules.

Traditional IRA

  • Tax-deductible contributions (for those eligible).
  • Interest accumulated not taxed until withdrawn.
  • Withdrawals are taxed at ordinary income tax rate.

Roth IRA

  • Tax-free withdrawals if certain conditions are met.
  • Account owner's annual contributions can be withdrawn at any time.
  • Withdrawals are not subject to IRS penalties.
  • IRS penalties may apply for earnings withdrawn.

See our Truth-In-Savings Disclosure for complete details.