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The Neffs National Bank serving Lehigh, Carbon and Northampton counties. Offering a variety of deposit and loan accounts to help with all of your banking needs.

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

  • Automatically renewable

  • FDIC Insured

or for more information contact us at 610-767-3875

*Minimum balance on CD specials may vary

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.

or for more information contact us at 610-767-3875

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.

What is an IRA?

IRA stands for Individual Retirement Account and is one way for an individual to save for retirement and get a tax break for doing so. With our current economic climate you can't depend on Social Security or just an employee contribution plan to survive your "retirement years" comfortably. Now more than ever it has become the individual's responsibility to add to his or her retirement fund.

What is the difference between a Traditional and Roth IRA?

Traditional: With this IRA, you are allowed to defer taxes on the earnings from your contributions until they are withdrawn. In addition, qualifying contributions can lower your taxable income for the tax year in which you deposited money into your account. So your contributions and earnings could grow tax-deferred until you start withdrawals.


Roth: In contrast, with a Roth IRA your contributions are never deductible. But the good news is that the money has already been subject to taxes, so all the money contributed and earnings are tax-free when you make withdrawals, assuming you have held the account open for at least five tax-years and you are at least 59-1/2.

Is there a fee to open an IRA account at The Neffs National Bank?

No, this is one of the many services The Neffs National Bank provides for its customers free of any fees.

What are the benefits of investing in an IRA at The Neffs National Bank, why not just add to other investments?

The Neffs National Bank is FDIC insured. The Federal Deposit Insurance Corporation is an independent agency of the United States government. So our depositors are protected against the loss of their covered deposits, including IRA accounts up to $250,000 total. In other words, it is wise to balance your investments, and as they say "Don't put all your eggs in one basket".

What if a situation occurs and I need to make a withdrawal, how fast can I get my money?

That is another advantage of putting money in an IRA account here at The Neffs National Bank; in most cases we can put that check in your hand the same day as the request. Our lobby is open: Monday through Wednesday - 9:00 a.m. to 4:00 p.m., Thursday - 9:00 a.m. to 5:00 p.m., and Friday - 9:00 a.m. to 6:00 p.m.

What is the deadline for making contributions to my Traditional IRA to take advantage of a tax break for the current tax year?

You can contribute to an IRA for the prior year up until Tax Day (usually April 15th) of the current year’s tax-filing deadline. Please contact your tax advisor for the current tax year cutoff.

When is the best time to open an IRA account?

As they say . . . There is no time like the present! Just call 610-767-3875 or stop by The Neffs National Bank during our lobby hours and talk to one of our Customer Service Representatives, who will help you get started.

Attention Customers: Any checking, money market and/or savings account(s) enrolled in online banking BUT NOT enrolled in Paperless Statements will be charged a $5 monthly fee for each mailed statement.
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