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Manufacturers Bank and Trust Company
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CD's & IRA's

Individual Retirement Account
Certificate of Deposit

Individual Retirement Account

An Individual Retirement Account (IRA) is a personal tax-deferred retirement savings plan

  • Pay less taxes
    Contributions could be deducted from your yearly gross income which can lessen your federal and state income tax.
  • Tax-deferred savings
    Both your IRA contribution and the interest you earn on the account are not taxed until money is withdrawn and usually tax is at a lower rate when withdrawn at retirement.
  • Disability protection
    You can withdraw funds without penalty if you become permanently disabled.
  • Security
    You can have peace of mind about your investment because your IRA is insured up to $250,000 by FDIC.
  • Specialized retirement plans
    Unique savings opportunities can be addressed with specialized retirement plans for education and medical expenses.

Special Features

  • Penalty-free withdrawals may begin as early as age 59 ½
  • No minimum age to open the account
  • Contributions based upon your income

Certificate of Deposit

An investment that pays a higher rate of interest for a specific term.

  • $2,500 minimum deposit
    You only need a minimum deposit of $2,500 to start your investment.
  • Competitive interest rate
    You receive a better return than a regular savings account because of the higher rate.
  • Guaranteed interest rate
    Rate at the time of purchase remains the same for the full term of your investment.
  • Term flexibility
    You may purchase CD’s for terms from 6 months to 60 months.
  • FDIC insured
    Your money is safe and insured up to $250,000 by the FDIC.

Special Features

  • $2,500 opening deposit
  • Flexible terms
  • Interest compounded semi-annually
  • Interest may be paid by transfer or check.