Personal · CDs & IRAs
Fixed-rate certificates, plus Traditional and Roth IRAs invested in NECB savings vehicles. Ladder a few maturities if you do not want every dollar renewing on the same day.
Lock a rate. Pick a term.
FDIC-insured certificates from 6 to 60 months. Rate is fixed for the term you choose.
Save for retirement with tax-deferred growth.
A Traditional IRA invested in an NECB CD or savings vehicle. Contributions may be tax-deductible.
After-tax contributions. Qualified withdrawals tax-free.
A Roth IRA for customers who want tax-free qualified distributions in retirement.
| Fixed-Rate Certificates | Traditional IRA | Roth IRA | |
|---|---|---|---|
| Terms | 6, 12, 24, 36, and 60 months | — | — |
| Minimum | $1,000 | — | — |
| Rate | Fixed — see Rates | — | — |
| Interest | Compounded and credited monthly | — | — |
| Renewal | Automatic, with a grace period | — | — |
| Tax treatment | — | Tax-deferred growth | Qualified withdrawals tax-free |
| Investments | — | NECB CD or savings | NECB CD or savings |
| Contribution limits | — | Follow IRS annual limits | — |
| RMDs | — | Required minimum distributions apply | None for the original owner |
| Best for | — | Pre-tax retirement saving | Tax-free retirement income |
| Contributions | — | — | After tax, income limits apply |
Annual Percentage Yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. See the Rates page for the Truth in Savings disclosure.