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CDs, IRAs & IntraFi CD Option


Certificate of Deposit (CD) Overview

With maturities available from 3-months to 5-years, 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.

  • $2,500 minimum deposit to open, terms 12-months or less
  • $1,000 minimum deposit to open, terms 18-months to 48-months
  • $10,000 minimum deposit to open, 60-month term
  • Interest compounded and credited quarterly on most terms; 91-day term compound at maturity
  • Interest payment options available
  • Competitive rates with the convenience of automatic renewal
  • Jumbo rates available for balances $100,000 or greater

Terms

  • 91-Day (3-Months)
  • 182-Day (6-Months)
  • 12-Month
  • 18-Month
  • 24-Month
  • 36-Month
  • 48-Month
  • 60-Month
All CD terms are fixed rate with rates remaining the same, as at the time of account opening, throughout the entire term.

Individual Retirement Account (IRA) Overview

Preparing for retirement? AVB can help with a Traditional or Roth IRA! Not sure which is right for you? Check out the table below for a brief comparison:

Traditional IRA** Roth IRA**
Contributions up to $7,500 per year [Catch-up contribution $8,500, if you are age 50 or older] Contributions up to $7,500 per year [Catch-up contribution $8,500, if you are age 50 or older]
Contributions may be tax deductible Contributions are not tax deductible
No age limitation on contributions No age limitation on contributions
Earnings grow tax-deferred, but earnings are added to taxable income for year distributed Earnings grow tax deferred; qualified distributions are tax-free
Distributions are treated as income; may be subject to penalties if taken out before age 59.5 Qualified distributions are tax- and penalty-free
Distributions required after age 73 No required minimum distributions for owners
**Consult with your tax advisor for tax advice.

With maturities available from 6-months to 5-years, highly competitive rates and a low minimum opening deposit, an AVB Individual Retirement Account (IRA) is a great way to invest your money with the safety of FDIC insurance.

  • Traditional and ROTH IRA options available 
  • $250 minimum deposit to open
  • Interest payment options available 
  • Competitive rates with the convenience of automatic renewal 
  • Jumbo rates available for balances $100,000 or greater

Term

  • 182-Day (6-Months)
  • 12-Month
  • 18-Month
  • 24-Month
  • 36-Month
  • 48-Month
  • 60-Month
All IRA terms are fixed rate with rates remaining the same, as the time of the account opening, throughout the entire term. Use our calculator resources to review the traditional and Roth IRA investments. 



IntraFi Network Deposits CD Option

IntraFi Network Deposits (also known as CDARS®) is a smart, secure, and convenient way to safeguard your large deposits.

With the CDARS® service, you can access multi-million-dollar FDIC protection by working directly with just our bank. 
CDARS® funds are placed into CDs and those customer funds are placed with banks that participate in IntraFi's network of financial institutions.

With the CDARS® service, you can:
  • Enjoy peace of mind knowing your funds are eligible for multi-million-dollar FDIC insurance
  • Earn interest 
  • Save time by working directly with AVB Bank 
  • Enjoy flexibility
  • Know the amount of your deposit can be used to invest in your local community 


Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and CDARS are registered trademarks, and the IntraFi logo and IntraFi hexagon are service marks of IntraFi Network LLC.