Personal Banking - CDs and IRAs

We offer competitive rates on all time deposits and IRA accounts, with minimum requirements for an IRA as low as $500, and minimum requirements for time deposits as low as $1,000. These accounts have a variety of terms to suit your investment needs.

CDs:
A Certificate of Deposit is a great way to capitalize on your financial investments for the future. You'll earn competitive market interest, making saving for the future easy. For your convenience, MyBank offers investment terms ranging from 3 months to 60 months. When choosing a CD from MyBank, you'll enjoy plenty of benefits. With MyBank your investment is safe and your principal and interest is guaranteed and FDIC insured. You'll have easy access to your money and there's no cost to reinvest, manage or redeem a CD at maturity.

Individual Retirement Account (IRA):
MyBank can help you make your retirement dreams come true. Start planning today with the IRA option that's right for you.

Traditional IRAs
Traditional IRAs allow anyone under the age of 70 to contribute up to $4,000 a year or 100% of compensation (whichever is less). IRAs earn high, compounding interest that is tax-deferred until you retire or withdraw the funds. IRAs can also be used to save for buying a home or funding your child's college education.

Roth IRAs
Roth IRAs are for those with a modified gross income up to $99,000 for single filers and $156,000* for joint filers. Total combined contributions may be up to $4,000 a year for 2007 and $5,000 for 2008, or 100% of compensation (whichever is less). *Partial contribution rules may apply.