CDs and IRAs > Northway Bank

Reach for more with certificates of deposit and IRAs.

CDs are insured like checking and savings accounts, but offer fixed terms and higher earnings. Tax-advantaged IRAs - both traditional and Roth - let you pick your spot on the risk-reward spectrum.

Certificates of Deposit

Get a guaranteed return on money you don't expect to need at a moment's notice.
Go to Certificates of Deposit

IRAs

IRAs are available at your local community bank.

Go to IRAS

Certificates of Deposit

Whether you are saving for a major milestone or want to boost your bottom line, Northway Bank certificates of deposit (CDs) can be a great addition to your overall savings strategy. Pick the term that works for you and make strides toward your financial goals.

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Features

Terms available from seven days to five years
Longer terms often pay higher rates
A predictable fixed interest rate makes it easy to plan for future expenses
The security of FDIC insurance
No monthly service charge

Penalty for early withdrawal may apply.

IRAs

An Individual Retirement Account (IRA) at Northway Bank can help you build a balanced retirement portfolio. We offer two types of IRAs, tax-deductible traditional IRAs* and tax-free Roth IRAs**. Consult your tax advisor to determine which type is best for you.

*Traditional IRAs are 100% vested immediately and may be deductible for the year it is made depending on whether or not you participate in a retirement plan. Earnings grow tax-free until withdrawn. Distributions are required in the year you turn 73.You may lose some interest if you withdraw funds before maturity. A $25 fee applies to close a complete IRA plan if the account holder is less than 59 1/2. Consult a tax advisor.

**Roth IRAs allow annual non-deductible contributions. Earnings grow tax-free, and qualified distributions are tax-free after a five-year holding period. Mandatory distributions are NOT required at age 73. Consult a tax advisor.