Certificates Of Deposit CDs
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.
FEATURES
- Terms range from 3 Months to 5 Years
- Rates are set according to terms
- 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
- View Rates
| BALANCE REQUIRED TO OPEN ACCOUNT | MINIMUM BALANCE REQUIRED TO EARN INTEREST | |
|---|---|---|
| 3 MONTHS | $2,500.00 | $2,500.00 |
| 6 MONTHS - 60 MONTHS | $500.00 | $500.00 |
Individual Retirement Accounts IRAs
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.
FEATURES
- 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
- IRAs are insured by FDIC separately from an individual’s other deposit accounts
- View Rates
| BALANCE REQUIRED TO OPEN ACCOUNT | MINIMUM BALANCE REQUIRED TO EARN INTEREST | |
|---|---|---|
| 3 MONTHS | $2,500.00 | $2,500.00 |
| 6 MONTHS - 60 MONTHS | $500.00 | $500.00 |
| 18 MONTH CLUB | $50.00 | $50.00 |