Certificates of Deposit & IRAs
Certificate of Deposit:
Enjoy a guaranteed rate of return when you invest your money in a Certificate of Deposit. We offer competitive interest rates and terms from 91 days to 36 months, with a minimum investment of $100.00. A Financial Security Bank Certificate of Deposit (CD) is a great way to save.
Save now with a CD from Financial Security Bank. We are FDIC insured. For more information click here to visit the FDIC website. The FDIC says “Investors searching for relatively low-risk investments that can easily be converted into cash often turn to certificates of deposit (CDs). A CD is a special type of deposit account with a bank that typically offers a higher rate of interest than a regular savings account.
Here’s how CDs work: When you purchase a CD, you invest a fixed sum of money for a fixed period of time – six months, one year, five years, or more – and, in exchange, the issuing bank pays you interest, typically at regular intervals. When you cash in or redeem your CD, you receive the money you originally invested plus any accrued interest. But if you redeem your CD before it matures, you may have to pay an "early withdrawal" penalty or forfeit a portion of the interest you earned.”
IRA (Individual Retirement Account)
Save for your future with an IRA. We offer many terms, so ask your banker for our current rates. An IRA is a savings program that allows money to be set aside for retirement. Financial Security Bank can open a CD as an IRA account so you can start planning for your retirement today and take advantage of possible tax benefits when you consult your tax advisor.
At Financial Security Bank, we offer an additional .25% to our advertised rates! Please contact us with any questions, as there may be applicable fees.