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CDs & IRAs

CDs

With maturities available from 30 days to 60 months, highly competitive rates, and a low minimum opening deposit, an AVB Certificate of Deposit is a great way to invest your money with the safety of FDIC insurance.

CDARS®

For depositors with more than $250,000 to invest in CDs who still want the protection of FDIC Insurance, this is certainly the account for you!  With this product, you can maintain FDIC insurance on multi-million dollar deposits!

IRAs

Are you preparing for your retirement?  AVB can help with a Roth or Traditional IRA!  Not sure which is right for you?  The table below can help.

Roth IRA Traditional IRA

Contributions up to $5,500 per year
[Catch up contribution $6,500, if you are age 50 or older]       

Contributions up to $5,500 per year
[Catch up contribution $6,500, if you are age 50 or older]       

Contributions are not tax deductible

Contributions may be tax deductible

No age limitations on contributions

No contributions after age 70.5

Earnings grow tax-deferred; qualified distributions are tax free

Earnings grow tax-deferred, but earnings are added to taxable income for year distributed

Qualified distributions are tax and penalty-free

Distributions are treated as income; may be subject to penalties if taken before age 59.5

No required minimum distribution for owners

Distributions required after age 70.5


Still not sure which is right for you?  No problem!  We're here to help!  Call us today at 918.251.9611, or better yet, stop by to see us!