Certificate of Deposit (CDs) & IRAs
Secure Growth. Local Service. Principal Protection.
At Commercial Bank, we don’t believe in one-size-fits-all savings. We closely follow market conditions and work directly with customers to provide savings solutions that meet their goals right here in our community.
Certificates of Deposit (CDs)
Earn a fixed return for a set term with the peace of mind that comes from FDIC insurance.
Whether you are looking for a short-term savings option or a longer-term strategy, we offer flexible CD terms to meet your needs.
- Custom Terms: Options ranging from 3 months to 5 years.
- Special Terms: Ask our team about our featured 7, 14, 22, and 27-month CD specials
- Security: FDIC-insured up to applicable limits, making CDs a conservative alternative to market-based investments
Individual Retirement Accounts (IRAs)
Secure your future with tax-advantaged savings and principal protection.
We offer both Traditional and Roth IRAs, which may be invested in FDIC-insured CDs. IRA CDs are not subject to market fluctuations and provide predictable earnings for retirement planning.
| |
Traditional IRA |
Roth IRA |
| Tax Benefit |
Save Now. Contributions may be tax-deductible for the current year.
|
Save Later. Qualified withdrawals in retirement are tax-free. |
| When to Choose |
If you want to lower your taxable income today.
|
If you want a tax-free "bucket" of money for the future. |
| Withdrawals |
Taxes are paid when you take the money out in retirement. |
You already paid taxes on the money you put in, so no taxes later. |
| RMDs |
Required minimum distributions (RMDs) apply based on IRS rules |
No required withdrawals during your lifetime, keep growing it! |
Retirement Strategy: Protect & Rollover - If you have a former employer’s retirement account or an IRA elsewhere, we can help you roll eligible funds into a Commercial Bank IRA.
- IRA CD Option: Our 30-month CD Special is available for both Traditional and Roth IRAs
- FDIC Advantage: IRAs qualify for separate FDIC insurance coverage up to $250,000
Request Our Current Rates
Because rates change daily, we provide current information by phone or in person. Contact your local Commercial Bank location to speak with a Deposit Specialist today:
- Monticello: Contact Pam, Holly, or Jessica @ (870) 367-6221
- Warren/Hermitage: Contact Julie or Sayra @ (870) 226.2601
- Hampton: Contact Debbie @ (870) 798-2265
Why Choose Commercial Bank?
We work hard to retain your business by offering negotiated rates that reflect your total relationship with us. Don't just settle for a published rate elsewhere; give us a call and let us see what we can do for you.
Disclosures: Rates and terms are subject to change without notice. Early withdrawal penalties may apply. Fees may reduce earnings. IRA tax rules vary; consult a tax advisor. Member FDIC. Equal Housing Lender.