Our Cloverdale branch will permanently close at 6:00 p.m. on Friday, May 26. The new branch located at Stratford Executive Park (1100 S. Stratford Rd., Ste. 400B) in Winston-Salem will open Tuesday, May 30.

Individual Retirement Accounts

Individual Retirement Accounts (IRAs) offer tax advantages and are an excellent way to put aside money for retirement. We offer both Traditional and Roth IRA Accumulators and IRA Certificates. To learn more about Traditional and Roth IRAs visit irs.gov.

IRA Accumulator

  • No minimum balance
  • Deposit funds  just like with a regular savings account.
  • Dividends are paid quarterly
  • If the balance is below $500, there is a $5 quarterly maintenance fee
  • Annual deposit restrictions may apply, consult a tax professional for more information on your individual limits.           

IRA Certificates

An IRA Certificate works just like a regular Share Certificate but it also provides IRA tax-deferred benefits. IRA Certificates offer a set rate of interest on a specific sum of money for a particular period of time. Certificates have an established minimum investment amount and a predetermined maturity period.

  • Minimums of $500 for Regular IRA Certificates and $25,000 for Jumbo IRA Certificates
  • Dividends are paid quarterly for the length of the term
  • Annual deposit restrictions may apply, consult a tax professional for more information on your individual limits.