CDs & IRAs

Certificates of Deposits

Flexible Terms for up to 5 years; you may not make additional deposits
Minimum deposit of $5,000 for terms up to 91 days
Minimum deposit of $1,000 for terms of 182 days or greater
Interest begins to accrue on the business day you deposit
Interest can be credited to the CD, deposited to an Alden State Bank account, or disbursed by check
Interest can be paid monthly, quarterly, semi-annually, or at maturity
Interest Rates are fixed during the term of the CD
Automatically renewable
Penalties for early withdrawal may apply
Online Banking with 24-hour access
Deposits are insured by the FDIC

Guaranteed fixed interest rate - See our CD interest rates for IRA interest rates
Flexible Terms for up to five years - Direct Rollovers and Transfers from other IRAs
Traditional, Roth, SEP, and Educational IRAs are available
Penalties for early withdrawal may apply
Automatically renewable
Interest is compounded and credited to the CD monthly
Interest begins to accrue on the business day you deposit
At age 59 1/2 owner can elect to have money distributed; at age 70 1/2, mandatory distributions are required or a 50% excise tax is assessed
Maximum annual contributions may apply
Check with your tax advisor for your best option
Online Banking with 24-hour access
FDIC insurance up to $250,000 (this is separate from other deposit accounts)
Deposits are NOT invested in stocks, bonds, mutual funds, etc. IRAs are CDs ONLY

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