CDs and IRAs
Looking to take your savings to the next level? We have the tools to make it happen.
Certificate of Deposit (CDs)
Certificates of Deposits (CDs) are savings certificates that pay a higher rate of interest for funds left on deposit for a specific length of time, with penalties for early withdrawal. CDs may be purchased from 3 months to 5 years for any amount $1,000 or greater with fixed-rates of interest. HNB offers single maturity or auto-renewable certificates with a variety of interest payment options.
Base interest rates vary on term. Minimum balance to open is $1,000 for the 6 and 12 month CDs, $5,000 for the 9 and 15 month CDs. CDs are subject to early withdrawal penalties if redeemed prior to maturity. These rates are subject to change at any time. Rates presented in our HNB branches override rates published online. Other terms may apply. Please see an HNB Personal Banker for more details.
Individual Retirement Accounts (IRAs)
HNB offers a range from 12 to 60 month variable rate IRA for qualified individuals who wish to take advantage of special tax benefits and save for retirement. Some IRA contributions and all interest earnings are tax-exempt until withdrawn. Call for details on how this attractive long-term savings plan can benefit you and your spouse.
