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personal Savings CDSCDs & IRAs

H2 BulletCertificates Of Deposit

CDs are an excellent way to earn a higher interest rate on funds that you can set aside.  Rondout Savings Bank offers a variety of certificates designed to accommodate particular investment goals. A Rondout Savings Bank Certificate of Deposit account is safe and secure.

  • Terms range from 3 Months to 5 Years
  • Rates are set according to terms Click for Rates
  • A penalty will be imposed for withdrawals in excess of interest earned when made before maturity.
  • Interest is compounded daily and credited monthly
  • Interest can be transferred to another account, issued as a check or remain in the CD.

3 Month Term:

Balance Required
to Open Account

Minimum Balance Required
to
Earn Interest

$2,500.00

$2,500.00


Terms 6 Months – 60 Months:

Balance Required
to Open Account

 Minimum Balance Required
to
Earn Interest

$500.00

$500.00


H2 BulletIndividual Retirement Accounts (IRA)

Start planning for your retirement years with an Individual Retirement Account.  IRAs offer a vehicle to build substantial retirement funds.  IRA contributions may lower your taxable income, reducing your tax liability.

  • Terms range from 3 Months to 5 Years
  • A penalty will be imposed for withdrawals in excess of interest earned when made before maturity
  • Interest is compounded daily and credited monthly Click for Rates
  • IRAs are insured by FDIC separately from an individual’s other deposit accounts.

IRA 3 Month Term:

Balance Required
to Open Account

 Minimum Balance Required
to
Earn Interest

$2,500.00

$2,500.00

IRA Terms 6 Months - 60 Months:

Balance Required
to Open Account

 Minimum Balance Required
to
Earn Interest

$500.00

$500.00

IRA 18 Month Club:

Balance Required
to Open Account

 Minimum Balance Required
to
Earn Interest

$50.00

$50.00

 


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