Certificates of Deposit & Individual Retirement Accounts
If you are interested in additional ways to save money other than a basic savings account, CDs and IRAs may be good options.
Certificates of Deposit (CDs)
A Certificate of Deposit is a flexible investment instrument with various maturities. Interest rates vary depending on the length of maturity. The rate is guaranteed until the maturity of the investment or until renewal.
An IRA is a flexible retirement planning and investing instrument with various maturities. Individual Retirement Accounts allow you to save for long-term goals, such as money for retirement. Contributions to IRAs are typically not taxed until the funds are removed. Some IRAs are tax-deductible. We encourage you to call us so we can help you choose an option that best fits your financial goals.
SouthWest Bank offers the following types of IRAs:
Interest rates vary depending on the length of maturity. The rate is guaranteed until the maturity of the investment or until renewal.