If you´re looking for long term investments,
consider Certificates of Deposit and
Individual Retirement Accounts.
 |
Term Share Certificates |
- Available in terms from 3 months to 5 years
- Competitive dividend rates
- $1,000 minimum to open
 |
Traditional IRA |
- $1,000 minimum to open and earn stated interest
- Available in various terms
- You can contribute until age 70˝ as long as you have earned income
- Your earnings are tax-deferred until you begin taking distributions
 |
Roth IRA |
- $1,000 minimum to open and earn stated interest
- Available in various terms
- You can contribute at any age as long as you have earned income
- Earnings are tax-free when you begin taking distributions
 |
Coverdell Education Savings Account (formerly known as Education IRA) |
- A savings account specifically designed for higher education expenses
- $2000 per year per child
- Available in various terms
- Parent or legal guardian is responsible for the account
Fees may reduce earnings on account. Rate and Annual Percentage Yield (APY) on IRA Daily Savings Account is variable. Early withdrawal penalty may apply. Consult tax advisor about possible tax benefits or tax implications.