CDs & IRAs

Certificates of Deposit

People today are looking for those "just right" investment opportunities to maximize their hard-earned dollars. Many are finding that Certificates of Deposit make an excellent shore- or long-term choice...for any purpose, from buying a new car to saving for retirement.

We think you will too.

Our certificates are designed to give you the most competitive rates available...combined with the safety and security you associate with this popular investment. And, for your convenience, we offer many options, including a broad range of maturity dates.

Whatever your investment goals, we have certificates to match. Our experienced staff will help you select the best alternatives to meet your current and future needs. And remember...with a certificate from us, you can relax knowing your deposits and the interest earned are insured by the Federal Deposit Insurance Corporation.

IRAs

A tax sheltered savings program for your future security.

Bank of Prague makes it easy to open, transfer, rollover, or consolidate your IRA account(s).

IRA Plans

  • Traditional โ€“ An account with allows you to defer taxes on your earnings until they are withdrawn
  • Roth โ€“ A non-deductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.
  • Education โ€“ A non-deductible account that features tax-free withdrawals for a child's higher educational expenses.

Options

You can make deposits weekly, monthly, or all at one time. No fixed contribution is required. You decide how much to save each year.

IRA deposits can be made by payroll deduction, automatic transfer from your checking or savings account, by mail or in person. Increase your deposits as your income grows.

Each depositor's IRA is insured to $250,000 in addition to $250,000 insurance on other deposit accounts.

For more information stop by Bank of Prague.