IRA certificates of deposit:

• $500 minimum deposit to open
• Terms ranging from seven days to 120 months
• 10-day grace period
• At the time of renewal, the interest credited to the account becomes part of the principal for the next term
• Low annual fee of $5 that covers all accounts under the retirement plan
• Distributions without penalty if you are over the age of 59½

IRA savings account:

• Appeals to those who want to save for retirement a little at a time
• An initial deposit is required at the time the account is established
• Low annual fee of $5 that covers all accounts under the retirement plan
• Interest paid monthly
• 24-Voice Phone Banking
• Preferred CD rates available by keeping $5,000 or more in combined checking, savings, and money market accounts¹
• Ability to view principal and paid interest online when you open a checking, money market, or savings account