CDs & IRAs

Certificate of Deposit

A Certificate of Deposit (CD) at The State Bank of Pearl City is one of the safest investments you can make for a higher rate of interest. One of the first things to consider in selecting a CD is how long you’re OK without needing the funds for other purposes.

For example, you could be looking to give your vacation fund a boost over the next six months. Perhaps your child or grandchild will graduate from high school in four years and you want to maximize your savings. Once the timeframe for your CD term and amount of deposit has been determined, the process becomes quite simple.

One of our bank investment specialists can also show you how to develop a CD strategy that would allow more frequent access to your funds, which can help with budgeting and avoid early withdrawal fees. CDs offer you fixed or variable rates which allow you to anticipate the rate as your balance grows.



IRA Certificate of Deposit

An Individual Retirement Account (IRA) is a personal retirement savings plan that offers tax advantages to those who qualify.

Two types of IRAs are available: Traditional IRAs and Roth IRAs. The primary differences lie in how you contribute and certain tax advantages of each. For either type of IRA — you must have earned income such as wages, salaries, commissions, tips, bonuses or income from self-employment.

Again, consult with one of our bank specialists to learn the important differences and limitations with each IRA savings plan. A determination will be found that best fits your specific needs and preferences.