In the banking industry, financial institutions offer a full array of investment products and services to meet your wealth management needs. Take a moment to read about the tools available to help you increase your wealth.
Money Market Accounts: A Money Market Account is an interest bearing savings account for investors who want to earn interest and have instant access to their money. There is no monthly fee when the minimum balance is maintained.
Certificate of Deposit (CD): A CD is a certificate issued by a financial institution which indicates that the investor has deposited a sum of money for a specified period of time and at a specified rate of interest. When the time period is up, the CD matures and the investor gets the full amount back, plus interest.
Individual Retirement Account (IRA): An IRA allows an investor to save money for use in retirement while deferring taxes on the account’s earnings. Deposits for traditional IRAs are tax deductible and the investment earnings in the account are not taxable until withdrawn.