Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Ted's Boat & Dock by John Peal

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 182 days and 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

Individual Retirement Accounts (IRAs)


  • 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




Get In Touch
Message: Contact Us 
Call: 1-877-331-4481 

A couple walking in the door of a new home

Properties for Sale

your new home is waiting.