CDs and IRAs - Heritage Bank and Trust (Columbia, TN)

Certificates of Deposit & IRAs

Prepare for the future with CDs as a savings tool or plan your long term goals for retirement with a convenient IRA. Visit one of our convenient locations to apply today. 

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Certificates of Deposit

Prepare for the future with CDs as a savings tool or plan your long term goals for retirement with a convenient IRA. Visit any of our locations to apply today.

PERSONAL CDS AND IRASCDs
Length of Deposit 1 to 60 months
Opening Deposit $1,000
Fixed Rates Yes
Fees None
Early withdrawal Penalty Yes*

*An early withdrawal penalty will not be imposed following the death of an account holder or for extenuating health issues.

Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor while IRAs are separately insured up to $250,000 by the FDIC. For complete information on FDIC insurance please contact a Heritage Bank & Trust Client Banker at 931.388.1970 or consult the FDIC website at

When will you be financially Independent?

  • Calculate how much you need to save to reach your ideal retirement age.

Calculators

IRA Options

Traditional IRA

Roth IRA
FDIC Insured Up to $250,000 Up to $250,000
Eligible age None

None
Income Limits None

Single - under $161,000

Married filing jointly - under $240,000

Married filing individually - $0-$10,000
Annual contributions Not Required Not Required
Maximum annual contributions $7,000; $8,000 for those older than 50 $7,000; $8,000 for those older than 50
Spousal contributions Accepted Accepted

Business Certificates of Deposit

Heritage Bank & Trust offers CDs for businesses that are easy to save and provide funds for the future.

Locations

PERSONAL CDS AND IRASCDs
Length of Deposit 1 to 60 months
Opening Deposit $1,000
Fixed Rates Yes
Fees None
Early withdrawal Penalty Yes*

* An early withdrawal penalty will not be imposed following the death of a business owner who is an account owner on the CD.

For full account details and disclosures, visit us at one of our locations or contact a Client Banker at 931.388.1970.

 

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