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CD's and IRA'S

Certificates of Deposit

We offer a variety of terms and very competitive rates to meet your financial needs.

Minimum opening balance: $2,500.00

We offer a variety of terms and very competitive rates to meet your financial needs.

Rates vary on principal amount and term of deposit.

We will impose a penalty if you withdraw any portion of the principal before the maturity date.

Individual Retirement Accounts

A personal tax deferred retirement plan available to all wage earners under age 70-1/2. A wage earner may also contribute to an account for his or her nonworking spouse. Withdrawals from IRA must begin by tax deadline date the year after the client turned 70-1/2. Please Contact your nearest Terrabank branch for complete disclosure information and current rates & annual percentage yield.

  • IRA Roth. This is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from these accounts than from a traditional IRA.*
  • Traditional IRA. The traditional IRA is an account which allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions are tax deductible in the year they are made.*

For more information please contact us at: Tel 305-448-4898 or e-mail


*Annual contribution limits vary for each IRA. Please contact your tax adviser for deposit limitations.

NOTE: While the Taxpayer Relief Act of 1997 created this new account, the IRS has not yet defined or clarified much of the law. Consult your tax adviser for further information.

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