Personal Banking

CDs & IRAs

Certificates of Deposit

Guaranteed rate locked for term
Terms from 3 months to 5 years
FDIC insured

Higher rates for longer terms
Penalty on earnings for early withdrawal
$1,000 minimum to open

Traditional IRA

Build retirement dollars with a traditional IRA. A traditional IRA allows you to defer taxes on these funds until drawn. Save funds for your retirement today in a safe & secure traditional IRA. Investment in an 18 month Certificate of Deposit Deductible Contributions up to $5,000 per year (or current tax law availability). Earnings are tax deferred.

Roth IRA

A Roth IRA allows individuals whom have met their retirement contributions or are not eligible to contribute to continue to build for retirement. Funds placed in a Roth IRA are taxable in that tax year however investment earnings are tax free at retirement if retained in the account for at least a period of 5 years. Investment in an 18 month Certificate of Deposit Contributions are taxed Earnings are tax free (if requirements met).

Rollover IRA's

Changing jobs and need a place to rollover retirement funds. The IRS allows people changing, retiring, or leaving a job to rollover funds maintained in an employer sponsored retirement account into a traditional IRA tax free. Millennium Bank can assist you with rolling those funds over into a traditional IRA.