CDs and IRAs: Save More, Plan Ahead
Save Even More with a Certificate of Deposit
Looking for a secure way to grow your savings? A Certificate of Deposit (CD) from Roxboro Savings Bank offers the stability of a fixed rate and the flexibility to fit your financial goals. Choose a term that works for you — from 91 days to 5 years — and enjoy competitive rates that help your money work harder.
You’re in control of your earnings:
- Add them to your CD balance to boost growth
- Receive them by check
- Transfer them directly to your existing Roxboro Savings Bank checking or savings account
Want even more flexibility? Our 12-month CD allows additional deposits of $100 or more throughout the term, so you can keep building as you go. Call our team today for more information on our Certificates of Deposit and how they can help you achieve your savings goals.
CD Features:
- $500 minimum balance for most terms (restrictions may apply)
- Terms from 91 days to 5 years
- Jumbo CDs ($100,000+) available with terms from 90 days to 270 days
- 12-month CD allows additional $100+ deposits at your locked-in rate
- Interest compounded daily and credited quarterly (for terms over 6 months)
- Earned interest can be withdrawn without penalty in most cases
- Earned interest can be mailed or deposited to a Roxboro Savings Bank checking, savings, or money market accounts, or applied to existing CD balance within 10-day grace period after maturity
- FDIC insured up to $250,000 per depositor
It's Never Too Early to Plan for Retirement
Planning for retirement doesn’t have to be complicated. With an IRA from Roxboro Savings Bank, saving for the future is as simple as making regular contributions. We offer competitive, fixed rates across a range of terms, so you can choose the option that fits your timeline and goals. If you’d like to talk through your choices, we’re right here and happy to help. That’s the benefit of banking close to home. Simply call us today to speak with a community banker and we'll be happy to talk through our options and your financial goals.
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IRA Features:
- Open with as little as $100
- $25 minimum for additional deposits
- Terms available: 18-month, 24-month and 60-month fixed rate
- Traditional, Roth, SEP, and Education IRAs (CESAs) available
- Interest compounded daily and credited quarterly
- Semi-annual statements for easy tracking
- 10-day grace period after maturity
- FDIC insured up to $250,000 per depositor
- Potential tax advantages (consult your tax advisor)
- Easy rollover options from existing retirement accounts