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CDs and IRAs

Certificate of Deposit (CD)

If you are looking for a way to invest your money in a safe environment that is FDIC insured, Bank of Palmer CDs are a great option. Our CDs can be opened with a minimum of $500, we offer terms of 1 year, 2 year, or 5 year and all certificates are automatically renewable. As an added benefit our early withdrawal penalty is only one month of interest. Interest is paid every six months and can be compounded back to the CD, paid by check or deposited into a Bank of Palmer checking account. Please contact us for more information on our competitive rates.

Individual Retirement Accounts (IRA)

For individuals we offer ROTH and Traditional IRAs. For business owners we offer SEP and SIMPLE IRAs. All these options are secure, low risk retirement plans that are FDIC insured. We also offer Coverdell Savings Accounts (formerly known as the Educational IRA). Please contact us for more information on all our IRAs and their rates.

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