Certificates of Deposit (CDs)
Certificates of Deposit (CDs)
A certificate of deposit, or CD provides investors with a guaranteed return on their investment for a period of time selected by the customer. Because CDs are for specific terms, rates are generally higher than regular savings accounts.
-
$500 minimum deposit to open
-
Interest compounded monthly, with payment options of: compounded, by check, or by direct deposit to your Highland Commercial Bank checking or savings account
-
A penalty for early withdrawal may be assessed
-
The following CD terms are available:
-
182 day 30 month
-
12 month 36 month
-
18 month 48 month
-
24 month 60 month
Click Here for Rates
Individual Retirement Accounts (IRA)
A Highland Commercial Bank Individual Retirement Account (IRA) is a safe investment for your future. Highland Commercial Bank offers: Traditional IRAs, Roth IRAs and SEP IRAs.
-
$500 minimum deposit to open
-
Interest is compounded monthly
-
Optional disbursements begin at age 59 1/2. Disbursements are required at age 70 1/2 for Traditional IRAs
-
Substantial penalty and taxes may be assessed for early withdrawal
-
The following IRA terms are available:
-
12month 36month
-
18 month 48 month
-
24month 60month
-
30 month
Click Here for Rates