Routing #: 031311593

Certificates of Deposits & IRA’s

Certificates of Deposits & IRA’s

Certificates of Deposit (CD)

Certificates of Deposit help you target your savings for short or long-term growth while enjoying competitive guaranteed returns.

Choose from terms that range from 91 days to 60 months. Interest is paid at the frequency of your choice—monthly, quarterly or at maturity, depending upon the term. As the maturity date for your CD approaches, you will be notified, at which time you can decide to reinvest your savings into a new CD or allow your CD to automatically renew.

  • Minimum deposits as low as $500 to open an account
  • Deposits are federally insured up to the applicable share insurance limit
  • Choose CDs for personal or business savings
  • No Monthly Maintenance Fee
  • Fixed interest rates
  • Penalties for early withdrawal

Individual Retirement Accounts (IRA)

An IRA is a tax-deferred retirement account that permits individuals to set aside money each year, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later. Fleetwood Bank offers a variety of IRA accounts which will help establish long-term wealth accumulation goals to enhance a financially secure retirement.  Click here for our informational IRA brochures.

Traditional IRA Plan

If you are younger than 70 ½ and have earned income, you may be eligible to make tax-deductible contributions. The earnings on traditional IRA contributions are tax-deferred until you start distributions.

Roth IRA Plan

A Roth IRA provides for federal income tax-free withdrawals of earnings after a five-year holding period. Only nondeductible contributions of earned income are permitted.

Coverdell Educational IRA

An Educational IRA allows for nondeductible contributions ($2,000 maximum annually) that allows for tax-free withdrawals for a child’s education expenses. Contributions may be made for a child up to the age of eighteen. The account must be disbursed or transferred to a relative by the child’s 30th birthday.

Fleetwood Bank encourages all IRA customers to consult their tax or legal professional for specific information. IRA funds are insured by the FDIC separately up to $250,000 per financial institution.

IRA Savings Account

  • $1 minimum amount to open account
  • $300 minimum balance to earn interest
  • Interest compounded daily and credited semi-annually
  • No Monthly Maintenance Fee
  • Annual statements
  • Contributions can be made at any time

IRA Certificates of Deposit

  • $500 minimum amount to open account
  • Interest compounded daily and credited monthly
  • Interest rate is fixed for term of the CD
  • Terms can range from 91 days to 60 months (automatically renewable)
  • No Monthly Maintenance Fee
  • Annual statements

Investments & Insurance

Fleetwood Bank, through their wholly-owned subsidiary, Fleetwood Financial LLC, is proud to partner with Adams Laventura & Associates to provide retail non-deposit investment and insurance products, as well as financial advisory services to our customers.

Adams Laventura & Associates
8484 Allentown Pike
Blandon, PA 19510
610-916-6393
www.adamslaventura.com
Securities offered through Cadaret, Grant & Co., Inc.

Member FINRA/SIPC

These products are not a deposit or other obligation of, or guaranteed by, the Bank or subsidiary of the Bank. They are not insured by the Federal Deposit Insurance Corporation (FDIC) or any agency of the United States, the Bank or a subsidiary of the Bank. There is investment risk associated with these products, including the possible loss of value.

* NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE *

Starting December 6, 2022, you will notice a more modern, user-friendly interface for an enhanced account holder experience across our ONLINE and MOBILE BANKING platforms. You will see a NEW LOOK, but still have the SAME GREAT FEATURES, and more! Click here for more information.

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