Savings
Passbook Savings
With no fees to worry about, you can withdraw and make deposits whenever you like. Interest is computed daily and credited quarterly. A minimum of $100 to open an account and earn interest.
Money Market Savings
You get up to six penalty-free withdrawals per month. Tiered deposit rates encourage you to save more so that you can earn a higher rate.
Certificates Of Deposit
Our CDs come with the benefits of our highest interest rates. Certificate of Deposit accounts have no monthly fees, and a low minimum opening deposit of only $500, except for CD Specials that have a minimum deposit of $5000. A longer CD term will earn you more. Rates are fixed through maturity, and there are penalties for early withdrawals. Once your CD matures, we can help you roll it over to keep your savings growing.
IRA CD’s
If you’re eligible to establish and contribute to a tax-advantaged retirement account, our Traditional IRA can be a good choice. There are annual contribution limits. You can also roll over or transfer to and from other Traditional IRAs or qualified employer-sponsored plans. Investment growth is tax deferred, so you won’t pay federal income taxes on your deductible contributions or any earnings until you withdraw money on or after age 59 and a half.. There are no fees associated with the maintenance of an IRA CD account at Second Federal. Consult your tax advisor before opening an account.