CDs / IRAs
Certificate of Deposit (CD)
When you open a certificate of deposit at Frontier Bank, your savings are invested at a set rate for a specified period of time. If you do not need immediate access to your funds, a CD may provide the right investment solution. We can also work with you to schedule your maturities to help protect against market rate changes or to have cash available when you need it. CDs are FDIC-insured (up to the maximum established by the FDIC per depositor and ownership type.) Frontier Bank is the GOOD WITH MONEY™ CD provider.
Individual Retirement Account (IRA)
Frontier Bank offers Savings accounts and Fixed Rate products for your Individual Retirement Account needs. We can offer these products in a Traditional, Roth, or Self Directed IRA account.
This form of IRA allows you to contribute a certain dollar amount each year of your earned income for retirement purposes. The benefit of investing in a traditional IRA
include: tax-deferred earnings, and for many people, tax deductibility. This account also accepts rollover deposits from either another IRA or from a qualified plan distribution.
A Roth IRA allows only non-deductible contributions, but features federal income tax-free withdrawals for certain distribution reasons after a five-year holding period. To be eligible you must have compensation and your modified adjusted gross income cannot exceed certain limits.
The funds deposited to your IRA will be invested by our Trust Department according to certain strategies that are determined by your tolerance for risk. Stocks, bonds, mutual funds, or bank instruments are available to make up your portfolio.
*We encourage you to discuss your retirement plans with your investment broker/tax adviser.
Good with Money. TM