Personal Investment and Planning
The Bank of Millbrook offers a complete line of investment products, from retirement planning to wealth management and trust and estate administration. On this page, you will find information about certificates of deposit (CDs) and individual retirement accounts (IRA).
Certificate of Deposit
A certificate of deposit or CD is a time deposit. CDs are similar to savings accounts in that they are insured and thus virtually risk-free (CDs are insured by the FDIC). They are different from savings accounts in that the CD has a specific, fixed term (three months, six months, or one year).
Individual Retirement Account
An Individual Retirement Arrangement (or IRA) is a retirement plan account that provides some tax advantages for retirement savings. There are several different kinds including a Traditional and a Roth. To learn which is right for you, please call one of our specialists to assist you.
For current rates please contact your local branch.