CDs & IRAs

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Start saving smarter

It doesn't matter if you want to start saving more aggressively for the short-term future or to make sure you can live the way you want in retirement. Success Bank can provide you with the tools to save more effectively with a Certificate of Deposit or Individual Retirement Account.

Certificates of Deposit

Simply known as a CD, certificates of deposit allow you to deposit funds into an account for a specific amount of time at a fixed rate.

• Terms are available for anywhere between 6 and 60 months
• There is a minimum deposit requirement of $5,000
• You will be assessed a penalty for early withdrawals on the account

Open a CD today with our convenient online application!

Calculate your CD's possible future value!

Individual Retirement Accounts

Individual Retirement Accounts, or IRAs, allow you to save more effectively so you can live comfortably in retirement. Success Bank offers multiple accounts for your retirement. Be sure to talk to your tax advisor about which option would be best for you.

How much do you need to save for retirement?

Traditional IRA

• Any earnings grow tax-deferred until withdrawn after age 59 ½ , at which time they are taxed at your current rate
• Contributions and earnings can be withdrawn penalty-free after age 59 ½
• Contributions may be tax deductible*

Roth IRA

• Any earnings are tax-free if withdrawn after age 59 ½ and the account has been open five years are more
• Contributions (not earnings) can be withdrawn tax and penalty-free at any time
• Contributions are not tax deductible*

Coverdell Education Savings

• Start saving for your child's educational future. Here's what you need to know:
• Earnings grow tax-free for children under the age of 30
• Withdrawals are tax-free when used for qualified education expenses
• Contributions are not tax deductible*

How much should you save for your child's college education?

Start Saving More Effectively

If you'd like to learn more about IRAs and CDs offered at Success Bank, stop in at the Bloomfield Branch to speak with our staff.

*Please consult your tax advisor with questions regarding tax benefits of different IRA products.