CDs are available in terms ranging from 3-84 months. The minimum balance to open is $500. Early withdrawal penalties may apply. Contact your local branch to obtain current rate and annual percentage yield information.
CDs are available in terms ranging from 1-12 months. The minimum balance to open is $100,000. Early withdrawal penalties may apply. Contact your local branch to obtain current rate and annual percentage yield information.
Traditional IRA accounts can be established for individuals 70 ½ years of age and younger. Participants may contribute up to $5000 + COLA* per year to their IRA account. All earnings on an IRA contribution remain tax deferred until the participant makes withdrawals from the account. Participants may withdraw assets from their account after the age of 59 ½ without incurring a 10 percent premature-distribution penalty tax.
For more information, please contact your local branch.
*COLA – Beginning in 2009, the contribution limits are subject to cost-of-living adjustments (COLAs)
CDARS is the Certificate of Deposit Account Registry Service. It’s the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $250,000. By enrolling through Bank of Clarke County you can enjoy:
One Bank. Everything is handled through our bank. Your large deposits broken into smaller amounts and placed with other banks that are members of a special network. Then, those member banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance.
One Rate. You earn one rate for our entire investment – so you can forget about multiple rate negotiations. Contact any branch location today for current rates and annual percentage yield information.
One Statement. You receive one regular account statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details. With CDARS, there is no need to manually consolidate statement.
For more information regarding CDARS, visit www.cdars.com
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