CDs and IRAs offer flexibility and financial options for savers.
If you’re already saving money in one of Norry Bank’s traditional savings accounts, but you’re looking for new ways to set money aside for the future, you’re in luck. We offer Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) that help our customers ensure their financial future is rock solid.
- CDs
- Purchased and left untouched to grow with interest
- Available with terms from three months to five years
- Automatically renew at the interest rate in effect on the maturity date
- Early withdrawal penalties vary by the term
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- IRAs
- Savings tools for retirement
- Start an IRA with a minimum of $500
- “Open” CDs – add or take money without opening a new account
- Traditional and Roth IRAs available
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Questions about the differences between traditional and Roth IRAs?
NNB's Wealth Management VP Jared Roush shares helpful information.