An Individual Retirement Account (IRA) is an account that allows you to save for your future. Even if you are enrolled in an employer-sponsored plan, like a 401(k), you can still use an IRA to boost your savings and build out your financial portfolio. One type of IRA account is a Certificate of Deposit (CD).

IRA CD

• Account contributions are placed in a CD with fixed rates and terms
• CDs are FDIC insured up to $250,000 per depositor for each ownership category
• You don’t pay taxes on earned interest during the tax year unless you take money out. Consult with your tax advisor for details.
• You may continue rolling your money over at maturity of the CD

Reach out to a Peoples Bank associate today to discuss an IRA CD!  Click here to find a branch location.