Certificates of Deposit
No matter if you’re looking for a secure investment or additional money to supplement monthly income, Ames Community Bank offers a variety of CD terms and flexible options.Features:
- Terms from six to 60 months
- Only $1,000 minimum opening deposit
- Tiered interest for higher deposit amounts
- Flexible interest payment options
- Funds insured by the FDIC
CDs are subject to penalty for early withdrawal.
Individual Retirement Accounts
It’s easier to save and plan for the future by investing in a product with tax benefits.Features:
- Traditional IRA – defer taxes on your earnings until they are withdrawn. If you qualify, your contribution may be tax-deductible.
- Roth IRA – tax advantage of tax-free earnings as they accumulate or when you withdraw. Provided you follow the withdrawal stipulations (at least 59 ˝ and account opened at least 5 years), this account is especially appealing to people in a higher tax bracket.