CDs & IRAs
Certificates Of Deposit
LPSB’s CDs offer higher interest rates than savings accounts and are a great option for diversifying your investment portfolio. We offer competitive returns, flexible terms, and security for a safe and predictable investment option. Choose your own term – from three months to five years – all with a minimum opening balance of $1000 and a competitive rate of interest.
IRA Savings
IRAs offer personal savings plans that may provide income tax advantages to customers saving money for retirement.
Lincoln Park Savings Bank’s Passbook Savings IRA has a minimum opening requirement of $100, while our Certificate of Deposit plan requires a minimum opening balance of $500.
We offer Traditional and Roth IRAs – each featuring different advantages.
A Traditional IRA may allow you to deduct contributions on your income taxes now and pay the taxes when you make qualified withdrawals in retirement. There are eligibility requirements.
A Roth IRA offers the potential for tax-free growth and withdrawals. There are income and eligibility requirements.
Your tax advisor can advise you about eligibility requirements and to find out which IRA best suits your needs.
- Visit www.irs.gov for even more information on IRAs
To learn more or to open your CD or IRA today, please click here.
