CDs & IRAs
Save now for retirement or college.
NorthEast Community Bank offers a wide range of fixed-rate certificates of deposit and Individual Retirement Accounts that vary in terms from 30 days to 5 years. Our low opening balance requirements and competitive interest rates provide you more control over your earnings.
Certificates of Deposit
Gain more control over your earnings.
CDs are saving accounts that enable you to choose a term that meets your needs. Grow your savings with a competitive interest rate that’s guaranteed for the term of the account.
Individual Retirement Accounts
Save money, save taxes. Build a better retirement nest egg with exceptional features not found at most banks.
Whether you are just starting to save or entering retirement, an IRA can be an important part of a sound financial strategy to meet your retirement goals. Both a Traditional IRAs and a Roth IRAs are convenient, tax-advantaged ways to invest for retirement.
A traditional IRA is an individual retirement account that allows you to save for retirement with tax deferred earnings and the possibility of tax-deductible contributions.
Contributions to a Roth IRA are never tax-deductible, but the money you contribute can be withdrawn tax free at any time.
Coverdell Education Savings Accounts
Coverdell Education Savings Accounts are designed to help save for children’s educational expenses. Beneficiaries must either be under 18 or special-needs students. While contributions to Coverdell accounts are not tax-deductible, the account grows tax-free until distributed. Distributions are typically tax-free if used for qualified education expenses such as tuition and fees, books, supplies, equipment, or room and board.
Talk to us today about saving money, saving on taxes and building a better retirement. Numerous rates and terms are available. Ask an associate for details.