West Town Savings Bank Certificates of Deposit
(CD's) give you a wide range of choices. This minimum investment
amount and interest rate for each CD depends on the term you choose,
which can range from 91 days to as long as five years.
Once you open your Certificate, your interest
rate and annual percentage yield (APY) are guaranteed for the
term you've selected.
(Note: In most cases, a substantial penalty applies
to early withdrawals from any CD account.)
West Town Savings Bank also offers a full range
of retirement account products. A Personal Banker can help you
decide which IRA CD best fits your needs.
All funds deposited in your IRA CD earn a competitive
rate of interest, which can compound on a tax-deferred or a tax-free
basis (you pay NO taxes on the interest you earn until you withdraw
the funds.)
In addition, depending on your income and participation
in other retirement plans, some or all of the funds you deposit
in an IRA CD may also qualify for a tax deduction in the year
you make the investment. (See your tax advisor.)
|
PERSONAL CD & IRA CD PRODUCTS
|
|
ACCOUNT TYPE &
TERM LENGTH
|
MINIMUM OPENING DEPOSIT
|
MINIMUM BALANCE REQUIRED
TO OBTAIN ANNUAL PERCENTAGE YIELD (APY)
|
INTEREST
|
|
91 Day CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
6
Month CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates
Change Weekly
|
|
7 Month CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
12 Month CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
14 Month CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
14 Month CD/IRA CD
|
$10,000.00
|
$10,000.00
|
Rates Change Weekly
|
|
18 Month CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
30 Month CD/IRA CD
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
60 Month
|
$1,000.00
|
$1,000.00
|
Rates Change Weekly
|
|
