CDs and IRAs

Certificate of Deposit (CD)

Fixed Rate Certificated of Deposit (CD)

Minimum of $1,000 required to open this 30 day to 5 year CD. Deposits and withdrawals are not allowed before maturity. At that time, the CD automatically renews with the same term at the current rate. There are three interest payment options: 1) interest is added back to the CD annually; 2) interest is paid via check monthly, quarterly, or annually; 3) direct the payment of interest to be paid directly to another Bank of the West account monthly, quarterly, or annually. For all CD terms of one year or less, the interest will be paid at maturity.

Youth CD

$250 to open this 1 year CD. Additional deposits are allowed during the term, but withdrawals are not allowed. At maturity, this CD automatically renews at the current rate.

Senior CD

$1,000 to open this 1 year CD. Additional deposits are allowed during the term of the accounts ($100 minimum deposit), but no withdrawals. At maturity, this CD automatically renews at the current rate.

Individual Retirement Account (IRA)

Fixed Rate IRA

$1,000 to open this 1, 2, 3, 4, or 5 year IRA. Deposits are allowed to the account, but withdrawals are not. Additions to this account will earn interest beginning on date of deposit and will not affect the maturity date. At maturity, the IRA automatically renews with the same term at the current rate. Annual interest payments.