Personal CDs and IRAs

Save for your future and earn competitive rates on Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs).  We offer a variety of options for fixed-term investing with the security of FDIC insurance.  

 

Please come by today to talk with a Customer Service Representative or call us at (918) 456-6108 to learn more.


Individual Retirement Account (IRA)
  • $500 minimum opening deposit
  • Terms – 3 months up to 5 years
  • Interest begins to accrue the day of deposit
  • Interest may be reinvested, deposited to an account or paid by check
  • Must be 59 ½ to avoid IRS early withdrawal penalty
  • Withdrawals over age 70 ½
    • Required minimum distribution (RMD) – No charge
    • Automatic withdrawals – No charge

Certificate of Deposit (CD)
  • $1,000 minimum opening deposit
  • Terms – 3 months up to 5 years
  • Interest bearing account
  • Interest begins to accrue the day of deposit
  • Interest may be reinvested, deposited to an account or paid by check
  • Automatically renewable

Conditions: Penalty for early withdrawal based on terms of Certificate

CDARS for Individuals

Secure cash management and long-term investment tool
With CDARS, banks can offer you multi-million-dollar FDIC insurance coverage-so you can manage all of your certificates of deposit through a single bank relationship without hassle.

With CDARS, you get One Bank, One Rate, One Statement.

  • One Bank, Investors can access multi-million-dollar FDIC insurance coverage by working directly with just one bank – the bank they know and trust.
  • One Rate, Investors earn one rate for each CD maturity and enjoy the option of reinvesting funds through a simple process.
  • One Statement, Investors receive one easy-to-read statement summarizing all of their CD holdings.

With CDARS, you can say goodbye to running around town to multiple banks-no more opening up multiple title accounts in different rights and capacities of family members to maximize FDIC insurance at one bank. There also is no need to manually consolidate account statements or interest disbursements, which frees up your valuable time. You can enjoy the peace of mind associated with access to FDIC insurance on your CDs. You’ve worked hard for your money. Now, let it work hard for you.

Further, your confidential information remains protected.