Certificates of Deposits (CD's) are investments that are stable and provide a secure return.  These accounts are insured by FDIC up to $250,000.00. 
 
Rate Information 
 
Weoffer competitive CD rates on terms ranging from 30 days to 5 years. You can open a CD for as little as $1,000.00. For current interest rates, contact your local branch location. 
 
Fixed Rate CD  
 
Enjoy a guaranteed return on your investment. Fixed rate CD's are safe, secure and a smart part of a diversified investment plan. AimBank CD's offer varied interest rates and terms to allow greater investment flexibility. 
 
Interest Payment Options 
 
When it comes to saving money for the future, we offer a full range of fixed rate CD's to meet your needs, and interest is paid every month. We offer three convenient interest payment options: 

  • Add the interest payment to the principal amount of your CD.
  • Automatically deposit the interest to your AimBank checking or savings account.
  • Receive an interest check by mail.
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    Automatic Renewal 
     
    Your CD will automatically renew at maturity; However, you have a ten day grace period from the maturity date to withdraw the funds without penalty. You may change the term of your CD or make deposits or withdrawals during the grace period. Each renewal term will be the same as the original term, beginning on the maturity date.  
     
    Early Withdrawal Penalty 
     
    A withdrawal prior to maturity will reduce earnings and in some cases, reduce the principal amount. A penalty of one month's interest on the amount withdrawn may be imposed for CD terms less than one year, and three months’ interest for terms one year or greater. 
     
    Individual Retirement Accounts (IRA’s) 
     
    An Individual Retirement Account is an excellent tool for retirement savings. Depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free!  Contact a Personal Banker at AimBank for more information about the benefits of IRA's. 
     
    Traditional IRA 
     
    This IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Certain contributions are tax deductible in the tax year for which you make them.* 
     
    Roth IRA 
     
    These allow only nondeductible contributions and features tax-free withdrawals. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from a Traditional IRA.* 
     
    * Consult your tax advisor or legal counsel for advice and information concerning your particular situation. Representatives of AimBank may not give legal or tax advice. 
    FDIC
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