CDs & IRAs

Certificates of Deposit (CD)

Enjoy earning interest with peace of mind knowing your investment is secure with FDIC insurance up to $250,000 and not subject to market fluctuations. Meet your savings needs with the flexibility of choosing your investment amount of $500 or more and a variety of terms from 7 days up to 60 months.

Our Certificates of Deposit are fixed investments that are generally used to invest a specific sum for a specific period of time. You may not add money to these certificates and they are not negotiable.

COMPARE CD AND INTRAFI NETWORK DEPOSITS

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IntraFi Network Deposits

Expand your peace of mind with the ability to insure investment amounts over $250,000 with FDIC insurance. By choosing IntraFi Network Deposits (formerly known as CDARS or Certificate of Deposit Account Registry Service) through NPB, you allow your money to work for the local community, while keeping your funds safe, secure and working for you.

Let NPB eliminate the time and hassle of manually consolidating interest disbursements and 1099 statements, with multiple banks. There is no need to rate shop when you can conveniently earn one competitive rate on your entire investment without lifting a finger. Acting as custodian, the bank places the available funds ($10,000 minimum required) into CD's using multiple banks within a special network via IntraFi Network’s Certificate of Deposit Account Registry Service. So investments can been seen and read as if it was invested with NPB alone, you receive statements that list all issuing banks that your money is distributed to, along with interest earned, maturity dates and balances.

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*Ask a New Peoples Bank representative for specific rates

CD & IntraFi Network Deposit Comparison Charts

¹Interest can be compounded, deposited to a checking or savings account, or paid by check.
²You can withdraw funds prior to maturity by paying an early withdrawal penalty of 3 months interest on any certificate with a term of 3 months or more. On certificates with terms of less than 3 months, all interest will be forfeited.
³Penalties for early withdrawal may apply. Interest will accrue daily up to the date, but not on the maturity date. If the maturity date should fall on a non-business date, then the funds will be paid out the following business day.

Savings Roth IRA

Rest easy knowing you have a secure savings plan to comfortably retire when you’re ready. Our Savings Roth IRA Accounts are variable rate investments that have tax benefits authorized by Congress. These IRA's are not tax-deferred, but once you retire the distribution of earnings is tax free. You may add money to these accounts at any time.

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**Annual contributions are limited per IRS guidelines.

Savings Traditional IRA

Enjoy the comfort of a secure retirement account that offers a possible tax deduction for annual contributions. Our Savings Traditional IRA Accounts are variable rate investments that have tax benefits authorized by Congress. You may add money to these accounts at any time.

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**Annual contributions are limited per IRS guidelines.

CD Roth IRA

Take advantage of this fixed rate and term investment that will secure your financial future with the choice of a wide variety of fixed rates and terms ranging from 12 to 60 months. Enjoy the benefit of your earnings being tax-free once you begin distribution upon retirement without the requirement of starting at the age of 72.

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**Annual contributions are limited per IRS guidelines.

CD Traditional IRA

Take advantage of this fixed rate and term investment that will secure your financial future with the choice of a wide variety of fixed rates and terms ranging from 12 to 60 months.

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**Annual contributions are limited per IRS guidelines.

Coverdell Education Savings IRA

Secure your family’s financial future and ensure that your child is ready to pursue the education that will influence and shape their future. Enjoy a fixed rate investment with terms ranging from 12 to 60 months. Take advantage of earnings that grow and are tax free if used for qualified education expenses.

This account is setup for a child who is younger than 18 years old (if the child has special needs, the age limit does not apply).

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IRA Comparison Chart