CDs & IRAs
When you open an Individual Retirement Account (IRA) or Certificate of Deposit (CD) with Peoples Trust Company, you are taking control of your future retirement planning. Discover tax-advantaged investment strategies that match your financial goals and risk profile.
Certificates of Deposit
Savings options that work hard for you with competitive interest rates and maturity dates that suit your specific goals. Peoples Trust Company CD's truly pack a punch. With terms ranging from one month to five years, these accounts offer a fixed rate, helping your savings grow without risking a penny.
Features
- Fixed Rate for term of CD
- Minimum balance of $500
- Automatic renewals—including a 10-day grace period in which to withdraw funds or change terms with no penalty
- Includes Online Banking
- Penalties apply for early withdrawal
Traditional IRA
Traditional IRAs provide eligible adults with qualified income, the opportunity to make tax deductible contributions now and defer taxes until future withdrawals.
Roth IRA
If eligible, a Roth IRA allows you to make post-tax contributions now and enjoy qualified tax-free distributions later. Consult your tax or legal professional for further information regarding eligibility and tax guidance.
Coverdell Education Savings Account
A Coverdell Education Savings Account allows parents or guardians to make post-tax contributions toward a child’s education. Qualified withdrawals are tax-free (though some state and local taxes may apply).
