CDs & IRAs

CDs & IRAs

Retire when you are ready.

F&C Bank offers a variety of high interest Certificates of Deposits (CDs) and Individual Retirement Accounts (IRAs) to help you reach your goals.

Certificates of Deposit (CDs)

Maximize the earning power of your savings with a competitive interest rate on Certificates of Deposit offered in terms of one month to five years.

  • Available in terms from 1 month to 5 years
  • Generally earn a higher rate of interest than traditional savings plans
  • Open with as little as $2,500
Term $10,000 - $24,999 (APY) $25,000 - $49.999 (APY) $50.000+ (APY)
9 months .25 .35 .45
16 months .60 .75 .85
35 months .90 1.00 1.10

For your convenience, you will be notified when your CD matures and will automatically renew following a 10-day grace period after the maturity date.

(APY) Annual Percentage Yield is based on interest compounding semi-annually. Annual Percentage Yield - $10,000 Minimum Deposit Required. Penalty for Early Withdrawal May Apply. Annual Percentage Yield is effective as of March 1, 2017 and may change without notice. Fees may reduce earnings.


Individual Retirement Accounts (IRAs)

Whatever your goals, IRAs are one of the best savings tools available to help you achieve financial security in retirement. F&C Bank offers traditional IRAs and Roth IRAs depending on your personal needs. IRA CDs are automatically renewable and require a minimum opening balance with as little as $1.00.

Traditional IRAs

  • Your money grows on a tax-deferred basis
  • You make contributions to your IRA and you may be able to deduct them on your taxes
  • Please contact your tax advisor to determine which option is most suitable for your situation

Roth IRAs

  • Roth IRAs are tax-free, which is even better than tax deferred
  • Flexibility to withdraw some of your money before you hit your golden years
  • Please contact your tax advisor to determine which option is most suitable for your situation

Rollover IRAs

  • If you've changed jobs and have money from your old company's 401(k) plan, and you need to put it somewhere quickly a Rollover IRA is one good option

Contact the bank for more detailed information.