CDs & IRAs

Certificates of Deposit (CDs)

With a Planters Bank Certificate of Deposit, you can earn guaranteed, higher-than-average interest rates to help your money grow! Choose from various terms and rates, all FDIC insured. Speak with a Planters Bank customer service representative for assistance with your CDs.
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Features:

$2,500 Minimum Opening Balance
$0 Monthly Fee

Benefits:

Interest Earnings: Interest rates vary based on investment amounts and terms. Receive your earned interest via:
- Check (monthly, quarterly, semi-annually, or annually)
- Direct Deposit (to any Planters Bank deposit account)
- Reinvestment (within your CD)
Term Flexibility: CDs can be negotiated for lengths of time to fit your financial strategy, typically ranging from 182 days to 60 months.
Laddering of CDs: Arrange multiple terms on your CDs to achieve desired liquidity and investment goals.

Individual Retirement Accounts (IRAs)

Build a financial nest egg with Planters Bank IRAs. Establish a consistent deposit pattern to build tax-sheltered balances for your future, all FDIC-protected.¹

IRA Types:

Traditional IRA: Reduces taxable income upon contributions and earns interest tax-deferred until withdrawn in retirement.
Roth IRA: Funded with after-tax income, grows tax-deferred with flexible withdrawal options after age 59 ½.
SEP IRA: Ideal for self-employed and small business owners, easier to set up and administer than other employer-based retirement plans.
Other IRAs: Consult with your tax advisor for guidance on various types of IRAs.

IRA Accounts:

Certificates of Deposit: Structured rates and terms to serve individual objectives, usually from 182 days to 60 months.
Money Market IRA (Tiered): More flexibility than a CD, with deposits at any time and higher interest rates with greater balances. Five interest tiers, credited monthly.

5 Interest Tiers:

Up to $9,999.99
$10,000.00-$24,999.99
$25,000.00-$49,999.99
$50,000.00-$99,999.99
$100,000.00 +

Statements: Quarterly paper statements, with balance checks available via online banking, mobile banking, or customer service.

Ready to Secure Your Future?

Open a CD or IRA Money Market with Planters Bank today and start building your financial future with confidence!

Open an Account

¹ Consult a qualified tax advisor for details.