CDs & IRAs

Certificates of Deposit

  • Terms range from 30 days to 5 years
  • Interest rate fixed for the term of the CD
  • Minimum investment amount of $1000
  • Interest penalty applies to premature withdrawals
  • FDIC insured

Step Up CD

  • 3 year or 5 year terms
  • Interest rate can be adjusted up once during the term of the CD (to the then current 1 year T-Bill Rate plus 50 basis points)
  • Minimum investment amount of $1000
  • Interest penalty applies to premature withdrawals
  • FDIC insured

Starter CD

  • Great way to save for a vacation fund or kid's college fund
  • 1 year term
  • Interest rate fixed for the term of the CD
  • Minimum investment amount of $100
  • Monthly fixed amount transfers from existing Savings or Checking account
  • Interest penalty applies to premature withdrawals
  • FDIC insured

IRA* (Individual Retirement Account)

All of the certificates above (except for Starter CD) are available to our IRA customers. The IRA certificates will bear the same interest rates as provided above.*

  • Tax deferred, tax deduction
  • Save for future retirement
  • FDIC insured

*Federal regulations require a penalty for making withdrawals before the age of 59 ½, and, for certificates of deposit, there is a substantial penalty for withdrawal of funds from the certificate prior to maturity.

CDARS (Certificate of Deposit Account Registry Service)

As a local CDARS Network member, Pacific Global Bank offers a convenient way for you to access FDIC insurance on large CD deposits above $250,000. You will not be charged annual fees, subscription fees, or transaction fees for using CDARS. You can select from various maturities – ranging from 4 weeks to 260 weeks (5 years) – and choose the terms that best suit your investment needs.

 

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