Account Access
When it comes to putting money aside, you need a solution that will accommodate current plans and future goals. Whether you are saving money for retirement or another upcoming expense, we offer longer-term saving options.
Certificates of Deposit
Enhance your saving strategy by setting aside funds for a specified period of time. A CD is a reliable way to let money you know you won't need for a while grow with the help of a competitive interest rate.
- Minimum balance required*
- Terms ranging from 10 days to 42 months
*Minimum balance is dependent on the CD term selected
Indiana Certificate of Deposit
Effective Date: Thursday, February 20, 2020
| CD | Rate | APY* | Minimum required to open account | Compounding |
|---|---|---|---|---|
| 10-31 Day | 0.10% | 0.10% | $2,500 | At Maturity |
| 91 Day | 0.15% | 0.15% | $2,500 | At Maturity |
| 6 Month | 0.20% | 0.20% | $2,500 | Quarterly |
| 12 Month <$25,000 12 Month $25,000+ | 0.25% 0.30% | 0.25% 0.30% | $2,500 | Quarterly |
| 18 Month <$25,000 18 Month $25,000+ | 0.25% 0.30% | 0.25% 0.30% | $2,500 | Quarterly |
| 24 Month <$25,000 24 Month $25,000+ | 0.35% 0.40% | 0.35% 0.40% | $2,500 | Quarterly |
| 30 Month <$25,000 30 Month $25,000+ | 0.45 % 0.50% | 0.45% 0.50% | $2,500 | Quarterly |
| 36 Month <$25,000 36 Month $25,000+ | 0.50% 0.55% | 0.50% 0.55% | $2,500 | Quarterly |
| 42 Month <$25,000 42 Month $25,000+ | 0.54 % 0.60% | 0.55% 0.60% | $2,500 | Quarterly |
*APY equals Annual Percentage Yield.
»Rates are available to retail and business customers only. For Government or Municipal deposits, contact your local banking center.
»Rates on saving, checking and money market products may change after an account is opened.
»A penalty could be imposed for early withdrawals.
»Fees could reduce earnings on accounts.
Traditional IRA
With expanded options for penalty-free distributions, a Traditional IRA offers additional flexibility.
- Can be opened using an IRA Savings or any length-of-term CD you choose
- Contribute pre-tax income to the account and defer taxes on your earnings until you begin withdrawing funds during retirement
- Contributions may even reduce your tax liability*
* Consult with a tax advisor for deductibility information.
Roth IRA
Put your retirement savings first with this account option. Interest earnings on Roth IRA contributions are tax-deferred and may be withdrawn tax-free if the IRA owner meets the requirement for a qualified distribution.
- Can be opened using an IRA Savings or any length-of-term CD you choose
- There is no age limit on contributions
- Distributions are not required at age 70 ½
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