Certificates of Deposit/Individual Retirement Account (IRA)
Certificates of Deposit
Our certificates of deposit combine safety and a guaranteed return without risk to the principal for the applicable term. We offer various terms with competitive interest rates ranging from 6 to 60 months to help meet your short- and long-term financial goals.
Minimum deposit of $1,000.00
Fixed interest rate for the term of the account
Individual Retirement Accounts (IRA)
For those eligible customers, we offer both Traditional and Roth IRAs which are great ways to save money for retirement. A minimum opening balance of $250.00 is required for all new IRAs.
All of our IRA accounts are held in Certificates of Deposit with the option of the following terms: 18, 24, 30, 36, 48, and 60 months. For 60 month IRAs opened August 1, 2010, and thereafter, an interest rate step-up is available once during each term. Our Customer Service Representatives will be glad to answer any questions you may have in order to provide you with the best possible product.
New 2015 IRA Rollover Rules: Only one distribution from an IRA is eligible for rollover per 1-year (12 month) period. This includes eligible rollovers between any type of IRA (Traditional, SEP, SIMPLE, Roth IRAs). For More information please click here for the IRA Rollover Guide.
Please note that FDIC Insurance covers IRA accounts up to $250,000.
Answers to Common IRA Questions
The Neffs National Bank offers the two most commonly used IRAs, Traditional and Roth. The questions below are most frequently asked regarding IRAs. This is meant to be an overview on the most common situations.