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CDs, IRAs & CDARS

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 $6,000 per year [Catch-up contribution $7,000, if you are age 50 or older] Contributions up to $6,000 per year [Catch-up contribution $7,000, 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 72 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. 
 
 
 

CDARS

Looking for safety for your large deposits, plus CD-level rates that may compare favorably to Treasuries or government money market mutual funds? Find out why thousands of safety-conscious institutional investors—businesses, nonprofits, public funds/governmental organizations—and others choose CDARS®, the easiest way to access multi-million-dollar FDIC insurance.

CDs placed through CDARS offer investors:
  • access to multi-million-dollar FDIC insurance;
  • the ease of working through one trusted relationship, earning one rate per maturity, and receiving consolidated statements;
  • the ability to forego ongoing collateral tracking;
  • the power of daily compounding;
  • a finite maturity date (in contrast to auction-rate or some adjustable-rate securities).
 
 
Placement of funds through the CDARS service is subject to the terms, conditions and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before CDARS settlement for a deposit or after CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of CDARS satisfies those restrictions.
CDARS is a registered service mark of Promontory Interfinancial Network, LLC.