Certificates of Deposit (CDs)
Certificates of Deposits (CD’s) 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. CD’s may be purchased from 3 months to 5 years for any amount $1,000.00 or greater with fixed-rates of interest. HNB offers single maturity or auto-renewable certificates with a variety of interest payment options.
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 Some IRA contributions and all interest earnings are tax-exempt until withdrawn.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.