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CDs / IRAs

CDs / IRAs

 

CERTIFICATES OF DEPOSIT (CDS)

Want to earn a higher interest rate than you would with a savings account? At Watch Hill Bank, we offer personal Certificates of Deposit in a variety of terms to suit your needs:

182 Days   182 Days   48 Months
  36 Months
12 Months
  12 Months   60 Months
  48 Months
24 Months
  24 Months   36 Months   60 Months

Rates vary depending on the term of your certificate and current market rates.

Note: Published rates are subject to change. A minimum deposit of $500 is required.

At the end of your CD term, your funds will automatically be rolled over into a new CD for the same term, or you can cash out or move it into another CD during the 7-day grace period if you wish.

To purchase a CD, please contact us today. We will be happy to help you!

INDIVIDUAL RETIREMENT ACCOUNTS (IRAS)

Our Individual Retirement Accounts (IRAs) are a great way to save for retirement. Because they are in the form of a Certificate of Deposit (CD), your principal is always safe and your interest rate is guaranteed for the term you select!

When your CD matures, it will automatically roll over into another CD of the same term, or you can roll it over into another CD or qualified retirement account during the 7-day grace period if you wish.*

We offer 3 types of IRAs, available in any CD term EXCEPT 182 days:
Traditional IRA   Roth IRA   Educational IRA
  • Save pre-tax dollars for retirement until you reach retirement age.*
  • Funds from other qualified retirement accounts may be able to be rolled over into one of our Traditional IRAs without penalty.*
 
  • Save funds you have already paid taxes on for retirement and defer taxes until you reach retirement age.*
  • Funds from a Roth IRA may be able to be rolled over into one of our Roth IRAs without penalty.*
 
  • Save for your children’s education and defer taxes until redemption.*
  • Funds from a qualified educational savings plan may be able to be rolled over into one of our Educational IRAs without penalty.*
* Tax deferment is subject to IRS regulations. Penalties/fees for rolling over funds from your existing accounts may apply. Please check your existing retirement or educational savings plan details to find out whether penalties or fees would apply to you.
Rates vary depending on the term of your certificate and current market rates.
Note: Published rates are subject to change. A minimum deposit of $500 is required.

To learn more about which IRA is best for your situation or to set one up, please contact us. We will be happy to help you!
 
 

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2110 Beechmont Ave.
Cincinnati, OH 45230
1-513-231-7871